Wang / Xu / Ma Financing from Masses

Crowdfunding in China
1. Auflage 2018
ISBN: 978-981-10-5843-1
Verlag: Springer Nature Singapore
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 154 Seiten

This book addresses the integration of the Internet and finance which recently has been one of the most notable topics of discussion in the media, the business community, academia, and among policymakers, both in China and worldwide. As a comprehensive, in-depth analysis of the one of the fastest growing industries in China, the book covers all the most important areas and issues in the crowdfunding industry in China, including the definition, types, and history of crowdfunding, the scale of the crowdfunding market, the basic business models and risk analysis of crowdfunding, the characteristics of the typical crowdfunding platforms, case studies of the leading crowdfunding platforms in China, and the future development of the crowdfunding industry in China.   The book combines theoretical analysis with conceptual discussions and best practices in the crowdfunding industry in China. It is of interest to a variety of readers around the globe, such as (1) existing and potential fund demanders; (2) existing and potential fund providers; (3) investors and professionals running crowdfunding platforms; (4) professionals and major shareholders of traditional financial institutions; (5) staff in regulatory government agencies; (6) academics; and (7) the general public.


Dr. Jiazhuo G. Wang is a professor of finance and chair of the Department of Accounting and Finance at the School of Business, College of Staten Island, City University of New York, a visiting professor of HSBC School of Business at Peking University (PKU) and a senior research fellow at SME Research Center at PKU. He is the editor of Springer's book series on China's SMEs, and the author (or co-author) and editor (or co-editor) of 7 books published by Springer and Tsinghua University Press. He is also the invited guest speaker of Biz Today, a China Radio International flagship business program, invited keynote speaker at the China Internet Association (Internet Society of China) annual conference forum 2015 and 2016, invited author of an article published in China Internet, the official journal of China Internet Association, and invited column commentator of the G7/G20 Think Tank, which is based at the University of Toronto. Hongwei Xu is the CEO of 'Online Lending House', the largest online lending portal firm in China, with tremendous operating experience in China's Internet finance industry, and has published several articles on Internet finance (in Chinese) in Chinese business journals.

Autoren/Hrsg.

Wang, Jiazhuo G.

Xu, Hongwei

Ma, Jun

Zhang, Yexia

Chen, Zhi

Inhaltsverzeichnis

1;Preface;5
2;Acknowledgements;13
3;Contents;14
4;1 An Overview of Crowdfunding in China;15
4.1;1.1 The Definition, Origin and Classification of Crowdfunding;15
4.1.1;1.1.1 The Definition of Crowdfunding;15
4.1.2;1.1.2 The Origin of Crowdfunding;16
4.1.3;1.1.3 The Classification of Crowdfunding;17
4.2;1.2 The Nature and Characteristics of Crowdfunding;19
4.3;1.3 The Major Events of Crowdfunding Industry in China: 2015 to September 2016;21
5;2 Statistic Analysis of China’s Crowdfunding Industry;27
5.1;2.1 The General Status of Crowdfunding Platforms;27
5.1.1;2.1.1 The Number and Distribution of Platforms;27
5.1.2;2.1.2 The Registered Capital of Platforms;27
5.1.3;2.1.3 The Amount of Funds Successfully Raised by Platforms;29
5.2;2.2 Some Analysis of the Development of Crowdfunding Platforms;29
5.2.1;2.2.1 The Types of Crowdfunding Platforms;29
5.2.2;2.2.2 The Successful Crowdfunding Projects;30
5.2.3;2.2.3 The Amount of Funds Raised;31
5.2.4;2.2.4 The Number of Crowdfunding Investors;31
5.3;2.3 The Statistics of Regional Development;32
5.3.1;2.3.1 The Number of Platforms by Provinces;32
5.3.2;2.3.2 Fundraising Scale by Provinces;32
5.4;2.4 Some Analysis of the Primary Business of Crowdfunding Platforms;33
5.4.1;2.4.1 The Distribution of Primary Business of Platforms;33
5.4.2;2.4.2 Some Analysis of Projects of Comprehensive Platforms;34
5.5;2.5 The Analysis of Bankrupt and Transformed Platforms;35
6;3 The Basic Model Analysis of Crowdfunding in China;37
6.1;3.1 The Reward Crowdfunding;37
6.1.1;3.1.1 The Procedures of Reward Crowdfunding;37
6.1.2;3.1.2 The Profit Model of Reward Crowdfunding Platforms;39
6.1.3;3.1.3 The Risks of Reward Crowdfunding;41
6.1.4;3.1.4 Some Case Analysis of Reward Crowdfunding Projects;42
6.2;3.2 Equity Crowdfunding or Non-public Equity Financing;44
6.2.1;3.2.1 The Procedures of Equity Crowdfunding;45
6.2.2;3.2.2 The Investor Threshold of Equity Crowdfunding;47
6.2.3;3.2.3 The Business Model of Equity Crowdfunding;47
6.2.4;3.2.4 The Risks of Equity Crowdfunding;53
6.2.5;3.2.5 Some Case Analysis of Equity Crowdfunding;54
6.2.6;3.2.6 The Entry of Five Internet Giants into Equity Crowdfunding;55
6.3;3.3 Charity Crowdfunding;60
6.3.1;3.3.1 The Current Status of Charity Crowdfunding in China;60
6.3.2;3.3.2 The Procedures of Charity Crowdfunding;61
7;4 Market Analysis of Sub-fields of Crowdfunding Industry;64
7.1;4.1 The Film, Television and Culture Crowdfunding;64
7.1.1;4.1.1 The Current Status of Film, Television, and Culture Market in China;64
7.1.2;4.1.2 Some Backgrounds and Features of Film and TV Crowdfunding;66
7.1.3;4.1.3 Some Deeper Dive Analysis of the Film and TV Crowdfunding;68
7.1.4;4.1.4 Regional Distribution of Film and TV Crowdfunding Platforms;76
7.1.5;4.1.5 The Success Rate of Film and TV Crowdfunding by Fields;77
7.1.6;4.1.6 Financing of Vertical Film and TV Crowdfunding Platforms;81
7.1.7;4.1.7 The Risks of Film and TV Crowdfunding;82
7.2;4.2 Used Car Crowdfunding;84
7.2.1;4.2.1 The Current Status of Automobile Market in China;84
7.2.2;4.2.2 Some Backgrounds and Characteristics of Automobile Crowdfunding;85
7.2.3;4.2.3 The Business Models and Legitimacy of Automobile Crowdfunding;87
7.2.4;4.2.4 Some Statistics of Automobile Crowdfunding;90
7.2.5;4.2.5 The Types and Brands of Automobiles Using Crowdfunding;94
7.2.6;4.2.6 Some Statistics of Automobile Crowdfunding Platforms;96
7.2.7;4.2.7 Financing Status of Automobile Crowdfunding Platforms;97
7.2.8;4.2.8 The Existing Risks of Used Car Crowdfunding;98
7.2.9;4.2.9 Summary;99
7.3;4.3 Physical Store Crowdfunding;100
7.3.1;4.3.1 The Background and Rationales;100
7.3.2;4.3.2 The Return Model and Exit Mechanism;101
7.3.3;4.3.3 Some Statistics of Physical Store Crowdfunding;102
7.3.4;4.3.4 The Financing Status of Vertical Physical Store Crowdfunding Platforms;106
7.3.5;4.3.5 The Existing Risks;108
7.3.6;4.3.6 Summary;110
7.4;4.4 Agricultural Crowdfunding;110
7.4.1;4.4.1 The Rise of Agricultural Crowdfunding;111
7.4.2;4.4.2 The Agricultural Crowdfunding Models;112
7.4.3;4.4.3 Some Advantages of Agricultural Crowdfunding;115
7.4.4;4.4.4 Summary;115
7.5;4.5 Real Estate Crowdfunding;116
8;5 Some Analysis on Several Leading Crowdfunding Platforms in China;119
8.1;5.1 JD Crowdfunding;120
8.1.1;5.1.1 Q1–Q3 2016: A Period of Rapid Growth for JD Crowdfunding;120
8.1.2;5.1.2 How JD Crowdfunding Is Different;121
8.1.3;5.1.3 JD Crowdfunding’s Profit Model;122
8.2;5.2 Suning Crowdfunding;122
8.2.1;5.2.1 The Development of Suning Crowdfunding;122
8.2.2;5.2.2 The Resources of zc.suning.com;123
8.2.3;5.2.3 The Uniqueness of Sunning Crowdfunding;123
8.2.4;5.2.4 The Profiting Model of Suning Crowdfunding;124
8.3;5.3 Taobao Crowdfunding;125
8.3.1;5.3.1 The Development of Taobao Crowdfunding;125
8.3.2;5.3.2 The Types of Taobao Crowdfunding;125
8.3.3;5.3.3 The Features of Taobao Crowdfunding;127
8.3.4;5.3.4 The Profiting Model of Taobao Crowdfunding;127
8.4;5.4 Zhongtoubang;127
8.4.1;5.4.1 The Development of Zhongtoubang;127
8.4.2;5.4.2 The Performance of Zhongtoubang;128
8.4.3;5.4.3 Some Features of Zhongtoubang;128
8.4.4;5.4.4 Profiting Model of Zhongtoubang Crowdfunding;128
8.5;5.5 Dreammove Crowdfunding;129
8.5.1;5.5.1 The Developmental Performance of Dreammove Crowdfunding;129
8.5.2;5.5.2 The Characteristics of Dreammove Crowdfunding;130
8.5.3;5.5.3 The Profiting Model of Dreammove Crowdfunding;130
9;6 The Policies and Regulations of Crowdfunding Industry;131
9.1;6.1 The Instructions of Government on Crowdfunding Industry;131
9.2;6.2 The Regulations and Policies of Crowdfunding Industry;133
9.3;6.3 Local Regulatory Policies of Crowdfunding Industry;133
10;7 Financing Status of China’s Crowdfunding Platforms;145
11;8 The Future Development of Crowdfunding Industry in China;150
11.1;8.1 Integration and Standardization with Stricter Regulations;150
11.2;8.2 Accelerated Entry of Venture Capital;151
11.3;8.3 Specialization and Refinement;151
11.4;8.4 Becoming Mainstream Via Mobile Phones;152
11.5;8.5 More Transparent Information Disclosure;152
11.6;8.6 Innovation;152
11.7;8.7 Crowdfunding Ecologicalization;153
12;References;154