Platforms crowd into new funding sector
By Cai Xiao | China Daily | Updated: 2014-05-08 06:42
More crowdfunding platforms are springing up to support entrepreneurs, but analysts warn that the protection of investors needs improvement.
The nation's crowdfunding market could reach $46 billion to $50 billion by 2025, and the market for all developing countries could be $96 billion by then, according to the World Bank.
In the crowdfunding model, people can propose a project to be funded through a platform, with investors putting in money in return for receiving some product or service, or being given shares.
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