section_path: Sectors/Services/Platform economy
section_name: Platform economy
paragraph_text: Platform economy
  
  China's platform economy has grown substantially since the early 2010s, with its transactional volume reaching RMB 3.7 trillion in 2021.: 155 The platform economy has absorbed a large number of workers from China's decreasing manufacturing workforce and from its population of internal migrant workers.: 155 As of 2020, 84 million people worked as platform economy service providers and 6 million were employees of platform companies.: 155
  
  The platform economy sector is highly concentrated in Alibaba and Tencent, both of which have ride-hailing and food delivery businesses as key assets in their investment portfolios.: 155 Ride-hailing and food delivery businesses have significantly consolidated since 2016.: 155–156
  
  China's platform economy has grown substantially since the early 2010s, with its transactional volume reaching RMB 3.7 trillion in 2021.: 155 The platform economy has absorbed a large number of workers from China's decreasing manufacturing workforce and from its population of internal migrant workers.: 155 As of 2020, 84 million people worked as platform economy service providers and 6 million were employees of platform companies.: 155
  
  The platform economy sector is highly concentrated in Alibaba and Tencent, both of which have ride-hailing and food delivery businesses as key assets in their investment portfolios.: 155 Ride-hailing and food delivery businesses have significantly consolidated since 2016.: 155–156
  
  China's platform economy has grown substantially since the early 2010s, with its transactional volume reaching RMB 3.7 trillion in 2021.: 155 The platform economy has absorbed a large number of workers from China's decreasing manufacturing workforce and from its population of internal migrant workers.: 155 As of 2020, 84 million people worked as platform economy service providers and 6 million were employees of platform companies.: 155
  
  The platform economy sector is highly concentrated in Alibaba and Tencent, both of which have ride-hailing and food delivery businesses as key assets in their investment portfolios.: 155 Ride-hailing and food delivery businesses have significantly consolidated since 2016.: 155–156