PP Car Rental Zhang Bingjun: Embracing the Sharing Economy with Internet Technology
VIVA, a Boao Forum Asia partner, read the new media and held a cross-border dialogue on “The Future of the Internet + Industry†entrepreneurship in Boao on the evening of the 27th . PP Car CEO Zhang Bing Jun attended the speech, bilateral trading patterns indicate line represents the current P2P, to meet the needs of all people by mobilizing the maximum amount of social resources, the reuse of waste resources and revitalize the stock of society, it is the next step toward a shared economy. As a leader in the Internet + travel industry, PP Car Rental has grown rapidly in China for more than a year. The platform has registered more than 500,000 vehicles. The “Internet Plus†era represented by the Internet is based on the support of Internet technology and information platforms . The model that allows people to rent idle resources more quickly and conveniently is favored by the capital market. In the future, we will continue to explore ways to operate personal resources in a shared manner and stimulate the limited resources of society to carry a higher potential for economic development.
 The following is a speech record:
 Good evening, everybody! Today we talked to you about PP Rental Cars on Internet + . Our model is very simple. It is an online bilateral market. On the one hand, we help private car owners rent out their wasted time and enjoy insurance protection services as owners. You can earn money on your PP car rental. On the other hand, we are satisfied that most of the drivers in China do not have a driver's license. You can always find more vehicles to rent. We provide tenants with a more convenient and cheaper way of driving than buying a car. This advantage is reflected in the fact that you don’t need to spend money to buy a car, nor do you need to spend time to maintain a car, and you can enjoy more than buying a car. more flexible experience to PP Car you can rent different models according to different scenarios. When each car is found, the smart hardware installed in our car can help the user to open the door to take the car away from the car and return the car to lock the door.
 The experience based on P2P sharing and car rental is now cheaper and freer than buying a car. PP Car Rental We went offline from Singapore. At that time, it was the first P2P platform in Asia. Since 2013 , when Beijing was on the line, not only had friends with no driver's license to come to us for renting a car, but friends with cars also came to rent a car so that his car could be used. Experience will be more flexible. And the owner can put the car to the platform. Regardless of whether you have a driver's license or a car or a car friend, what our platform can offer now is to make your self-driving experience more convenient, cheap, and free.
 Based on such a very simple business model, we have found that China currently has 150 million cars. The largest body is 100 million private cars, and its use time is 8% to 10% . Other time is wasted in the garage. . PP car rental can reuse the time spent in the garage and participate in the social life zone . The car is not the same as the room. If we have a house, we can make money through an intermediary agency under the line. But in the past, we didn't think that I could make a car rental in the garage to make money. Therefore, the most wasted resources in the social stock are reused.
 Second, China has 300 million people who have a driver's license, and only 100 million private cars. By 2025 , 1 billion people will have a driver’s license, while China’s infrastructure can only accommodate 300 million vehicles on the road. Therefore, the number of people who cannot meet the requirements of vehicles in 2025 is increasing, and the P2P car rental model can mobilize the largest amount of resources in the society to satisfy everyone's demand for cars. This is the value that P2P 's business model brings to society.
 At present, we have started more than a year in China and registered more than 500,000 vehicles on the platform. According to the current development rate, by the end of this year, 2 million to 4 million vehicles will be registered on the platform. We expect 3 In 5 years, as more private car owners share this way with friends who don’t have cars, 30% to 50% of car owners can take a sharing step and they are willing to share their private cars with neighbors. Or colleagues, so that a larger number of drivers without drivers can use.
 You will find that the vehicle growth of the original society can be made even slower, but it is actually more effective than the purchase restriction. Since everyone can meet the need for self-driving by renting a car rather than buying a car, they can become more frugal. When we go to buy a car, we will be more inclined to use the car. We must drive even if we buy food. If you are renting a car, every time you make a decision, your heart's decision-making process and your actual actions will force you to use a car. You don't have to use a car to go out to buy food , and you just have to walk . Therefore, when the demand for self-driving cars is satisfied, car rental can reduce the use of cars by 40% , and the emissions of car exhaust gas can also be reduced by 40% . If so, our air will become better. Once our car sharing society becomes a reality, it will bring value to the protection of the environment.
 Because we fear the reality of imperfect credit basis, many owners have come up with a vehicle to be worried about, but like PP Car as a sound platform for security, the owners are willing to take a share of the step. As a vehicle owner, he is not only collecting rent, but on our platform, most of the users are negotiating with the owners of nearby vehicles. They slowly become friends and are actually a spiritual harvesting friend. So we encourage car owners and tenants in the community to embrace more shared lives. Our platform also has a plan. We will reserve a seed fund in order to mobilize enthusiasm in the future through profitable forms . What we promote in the community is that if you dare to take a step and dare to share your ideas, you are actually helping others and protecting others. You are also promoting community activities that help each other. So we promote the concept of "sharing is love" in the community.
 PP shared rental economy, including LendingClub , we all know Airbnb bilateral online platform in the field of housing , the shared resource model is also a representative of the shared economy. In fact, the sharing economy, in essence, is trying to reverse everyone's ideas, from our past concept of a life of consumption into a shared concept of life in the future. The concept of consumption is that we want to use one thing and we must buy it. If we do not use it, we cannot use it. This is wrong. With the support of Internet technology and information platforms, we can now rent our physical resources very conveniently and quickly. The benefits of this concept of transformation : The first is to allow one to spend less time and money to enjoy better social resources. This person can become more free and he can truly pursue his ideals. Young people do not like big cities with a car or house every day to worry about, so too has the burden of life. Once you have embraced sharing, individuals can become more liberal. Once they embrace the concept of sharing, social resources can be used more. If we dare to take a sharing step and share a car with your friends and colleagues, the proportion of cars used can change from 8% to 10% to 30% to 50% . The economic value that can be created by the individual vehicle vehicle as a resource can be magnified by 3 to 5 times. The social value that can be created is to meet the demand value of everyone's self-driving car and can also be magnified by 3 to 5 times. Imagine if our society has more individuals and resources to operate in a shared manner. Our society, based on limited resources, will carry a higher potential for economic development and social values. Then our society is more potential. And future society.
 Therefore, the entire PP car rental team, including other counterparts of the entire sharing economy, can be fortunate enough to take advantage of the current trend of the Internet and to cut through the vertical areas of cars and cars for PP car rental to jointly promote the sharing economy to bring our lives to us. The change, we feel is a great fortune in life. So today I’m here to share with you the vision of PP Rental Car and the change we expect to live in. Car sharing can change lives. Sharing economy can change our society. Everyone embraces sharing. It is the society that cares for us. Sharing is love, thank you all!
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