Equity-based crowdfunding soars
CHINA’S crowdfunding sector saw rapid growth in the first half with cash raised via equity-based crowdfunding skyrocketing in June to surpass the January-May total, a report said yesterday.
Crowdfunding refers to funding a project or a company by pooling money from many people, usually online. From January to June, a total of 188 million yuan (US$30.5 million) was raised for 1,423 campaigns, according to a report by ZERO2IPO Research.
Most funds were raised via equity-based crowdfunding, which allows investors to receive a stake in the company being funded. In June, 87.76 million yuan was raised via the mechanism, more than the January-May total.
According to the report, the 156 million yuan raised through equity-based crowdfunding in the first six months was only 7.64 percent of demand, which totaled more than 2 billion yuan, illustrating the financing difficulties China’s small and micro businesses face, it added.
Crowdfunding first emerged in the US almost a decade ago, but it’s a nascent sector in China. A previous World Bank report forecast China to have the world’s largest crowdfunding sector by 2025.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.