Data company unveils plans for crowdfunding index

Chinese players and their UK partner unveiled plans for the world's first crowdfunding index in London on Tuesday, in an initiative to systematize data for the rapidly expanding sector.

The index is being jointly developed by the Chengdu-based fintech and big data company BBD, the Academy of Internet Finance at Zhejiang University and Cambridge-based Crowdsurfer Ltd, a UK company which collects data about crowdfunding sites.

"The index will capture information from thousands of crowdfunding platforms worldwide and enable investors to assess investment opportunities and manage risks," said Zeng Tu, CEO of BBD China. The index will be available to the public in the coming months.