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In recent years, the platform economy based on the Internet, big data and digital technology, is growing rapidly. In China, the platform economy is recognized as a future direction for economic development and technology research. In this work we introduce the current situation and future trend of China’s platform economy, analyze its characteristics. Apart from common characteristics of platform economy, such as bilateral externalities and dependencies, China’s platform economy has its own specific advantages and problems. On the one hand, it has multitudinous internet-users as a solid basis which has been integrated with many economic sectors. On the other, digital divide, monopoly and unfair competition have impacted China’s platform economy adversely. The analysis concludes with a close examination of China- Russia cooperation in this area.