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Top 7 Chinese Crowdfunding Sites

Published by Salvador Briggman. Find him on Twitter.

Within 5 days of launching Yulebao, a crowdsourced film investment fund, Alibaba announced that it had met its funding target of $11.77 million. It’s clear that crowdfunding fever has spread beyond the US and UK into other areas of the world. A statement made by Alibaba’s president of digital entertainment, Liu Chunning underscores this fact. 

“The influence of Internet innovation on the cultural industry is no longer restricted to movie ticket sales but has expanded to investment and content production. Yu Le Bao aims to provide a grassroots investment platform to bring the public closer to the cultural industry. In the future, public investors will even be able to select the directors, heroes and heroines of a movie or TV show.” – Source

China is up and coming as a tech startup capital and now is beginning to join the crowdfunding industry. Check out the top 7 Chinese crowdfunding sites below and let me know if I missed any!

1. DemoHour

Screen Shot 2014-07-21 at 1.39.13 PM

DemoHour launched in 2011 and has since received millions of dollars in funding from Intel Capital and Matrix Partners China. The site claims to be the largest crowdfunding site and is similar to Kickstarter in that it features all-or-nothing projects.

2. AngelCrunch

Screen Shot 2014-07-21 at 2.11.51 PM

AngelCrunch is one of the largest equity crowdfunding platforms in China and was founded in 2011. It functions as an AngelList for Chinese companies.

3. Dreamore

Screen Shot 2014-07-21 at 1.40.11 PM

Dreamore is another Chinese crowdfunding platform that accepts creative projects and has adopted the all-or-nothing crowdfunding model. The domain was registered in June of 2007 and updated in Feb of 2013.

4. Fundator

Screen Shot 2014-07-21 at 1.41.57 PM

Fundator launched its beta in Feb of 2013 and has a “keep it all” and “all-or-nothing” model. The site aims to offer reward, equity, and debt crowdfunding.

5. Musikid

Screen Shot 2014-07-21 at 1.42.36 PM

Musikid is a Chinese crowdfunding platform for music-related projects. The site offers a fixed or flexible crowdfunding model, similar to Indiegogo. Musicians, radio DJs, record companies, music organizations, and more can launch a crowdfunding campaign. It must be music-related.

6. CTQuan

Screen Shot 2014-07-21 at 1.43.17 PM

CTQuan recently raised $4 million and aims to be the AngelList for Chinese companies. CTQuan is an equity crowdfunding platform.

7. ZhongChou

Screen Shot 2014-07-21 at 1.45.15 PM

ZhongChou is a rewards-based crowdfunding platform for creative projects where 2,151 projects have received support from over 96,000 people. It is an all-or-nothing crowdfunding platform.

Conclusion

If you think I missed a platform that should be included or that they should be in a different order, let me know by leaving a comment below. Creators in China can also use Pozible or Indiegogo to raise funds.

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  • Bryan C Williams

    These seem like great opportunities for people looking to get a crowd-funded project started and finished. I definitely prefer the all-or-nothing aspect in order to protect investors.

    • CrowdCrux

      Yea, it’s crazy how crowdfunding is going global. I also prefer the all-or-nothing platforms.

  • Interesting article! Crowdfunding in China! I wonder if other countries in Asia can also use those platforms to raise money. I have a preference for #4, the Fundator platform.

    • CrowdCrux

      Yea, it will be interesting to see how crowdfunding evolves around the world and how governments do or do not regulate it.

  • Very interesting. I will check all the sites. I also preferd th nr 4, because the language.

    • CrowdCrux

      Good point. I wonder if the language aspect of the other sites will limit the backer community to mainly people of a Chinese background.

  • earl Gray

    found this very beneficial. Most of my friends in China needed to hear something like this. They are very cautious of privacy compared to the U.S.

    • CrowdCrux

      Good point! It’s definitely a unique environment and also the social media sites and blogs which might be used to spread the word about a project are different.

  • Brittany Zick

    All or nothing definitely seems like the safest bet for investors, and China has several options for that! No wonder they are getting so popular!

    • CrowdCrux

      Yea, I agree. I think it’s also a better model for creators, as really helps gauge whether or not the marketplace likes your product. It’s also harder to fulfill rewards if you don’t have an all-or-nothing project.

      • Brittany Zick

        This is why I went with Kickstarter for my project, makes it easier to fulfill my obligations, and I love the plethora of options available. Especially being able to customize the rewards.

  • Paul Kim

    I am really new to all this crowdfunding and being a new game developer looking to get into some crowdfunding, its amazing to see how much this has grown and can be effective in many parts of the world.

    • CrowdCrux

      I’m excited for when crowdfunding and politics also begin to come together. I think we might seem some major changes around the world or allow people to gain a voice who previously didn’t have one.

  • jimtrimshow

    Not having all or nothing kinda undermines you ‘needing’ the total to carry out the project. But obviously, often a bulk of the funds go towards creating rewards, which is great because the campaign not only enables you to create the product but market tests it as well and finds out whether people are gonna buy it (big time or not)….

    • CrowdCrux

      Definitely. Also, when your product is actually in the hands of your backers and they can give you feedback, that’s when the real iteration begins. It prepares you for one day mass-producing those rewards.

  • I think the larger the amount of crowdfunding sites hurt the creators of projects. Since there are so many sites it will mean fewer people will go to a particular site. Right now the two biggest one I know of is Kickstarter and indiegogo. If there was just one major one it would attract a greater number of supporters and benefit the creators. But without competition there is less desire for improvements. In conclusion, I feel that there should only be a few crowdfunding sites, instead of 7+ alone in Chinese

    • CrowdCrux

      I wonder if Kickstarter will ever be available in China. Seems like they are trying to stick to english-speaking countries. Yea, I think too many sites is worse than having a few with larger communities, but I also think China is up-and-coming and there isn’t a clear leader or runner up yet.

      The language barrier tends to make it difficult for english-based startups to enter the market.

      • Teng and Co.

        I wonder how the tariffs would work with the Chinese shipping out products out when Trump gets into office.

        tengandco.com

  • Henry Southern

    In terms of Trad. Chinese sites, one of the first around was FringeBacker (based in Hong Kong). A reward-based platform for projects from a variety of industries including the arts, sports, technology and charitable sectors: http://www.fringebacker.com/zh-tw/

  • Chloe

    ‘Yunchou’ is now the biggest crowfunding platform in China. It wins the award of ‘The most effective crowdfunding platform’ this June. Have a look. (www.yunchou.com)

  • acute angle int

    we are a crowdfunding company based in beijing,(Acute Angle) wondering how we can get an overseas following.

  • Pierre Chenxu

    I am seeking crowd funding to setup a half-way house for the obese and type 2 diabetics (possibly also cancer patients) to help them efficaciously reverse their condition without drugs!

    For more than 30 years I have been helping my clients clear their complexion woes both by my proprietary products, treatment procedures and healthy diet and lifestyle advice. My latest Quantum Natural Medicine PhD dissertation which scored me 99% marks is on how Diet alone could reverse obesity and type 2 diabetes. I also intend to expand my dissertation to include the reversal of cancer by diet and to publish it into a book.

    I have been a research scientist since 1982 having developed over 100 unique proprietary skin blemish treatment and winning several International Europe Quality Awards. I also possess the following degrees:

    – Bachelor in Holistic Health Sciences
    – Master in Information Systems
    – Master in Natural Medicine
    – Doctorate in Business Administration
    – Doctorate in Natural Medicine
    – PhD in Natural Medicine

    I was also personally mentored by two mainland Chinese Master Acupuncturists in 1972 and
    by the late honorable Dr. William Arnold-Taylor, Life Fellow, Royal Society of Medicine Founder Member U.K.

    So, being well-versed in western materials science, TCM acupuncture and Quantum Science holistic education I am confident in training and leading a team of alternative and integrative healthcare professionals in helping the sick reverse their condition druglessly! Besides, I can also enlist the help of many friends and acquaintances who are both western-trained medical doctors and Quantum-trained holistic natural/alternative medicine doctors.

    Poor diet which leads to mitochondrial dysfunction and decay is the primary cause to all diseases, and dependence on pharma drugs to depress the symptoms would only deteriorate the body’s immune system, leading to more pain/sufferings, bankruptcy due to high medical costs and shortened life-span!

    I plan to setup the first such half-way house in China, then expand into a chain, and eventually expand our concept globally. I am confident we are able also to win the trust of hospitals and medical doctors when they see what we can achieve while their pharma drugs couldn’t. RESULTS DON’T LIE!

    If there are genuine major investor(s) who share my vision and interest, I’m prepared to meet them personally in Singapore (where I’m located) to discuss the plan further. If someone is able to help organize and gather a group of small-time investors, I’m also prepared to fly to China to discuss my plan.

    God Bless!

  • Pierre Chenxu

    I am seeking crowd funding to setup a half-way house for the obese and type 2 diabetics (possibly also cancer patients) to help them efficaciously reverse their condition without drugs!

    For more than 30 years I have been helping my clients clear their complexion woes both by my proprietary products, treatment procedures and healthy diet and lifestyle advice. My latest Quantum Natural Medicine PhD dissertation which scored me 99% marks is on how Diet alone could reverse obesity and type 2 diabetes. I also intend to expand my dissertation to include the reversal of cancer by diet and to publish it into a book.

    I have been a research scientist since 1982 having developed over 100 unique proprietary skin blemish treatment and winning several International Europe Quality Awards. I also possess the following degrees:

    – Bachelor in Holistic Health Sciences
    – Master in Information Systems
    – Master in Natural Medicine
    – Doctorate in Business Administration
    – Doctorate in Natural Medicine
    – PhD in Natural Medicine

    I was also personally mentored by two mainland Chinese Master Acupuncturists in 1972 and
    by the late honorable Dr. William Arnold-Taylor, Life Fellow, Royal Society of Medicine Founder Member U.K.

    So, being well-versed in western materials science, TCM acupuncture and Quantum Science holistic education I am confident in training and leading a team of alternative and integrative healthcare professionals in helping the sick reverse their condition druglessly! Besides, I can also enlist the help of many friends and acquaintances who are both western-trained medical doctors and Quantum-trained holistic natural/alternative medicine doctors.

    Poor diet which leads to mitochondrial dysfunction and decay is the primary cause to all diseases, and dependence on pharma drugs to suppress the symptoms would only deteriorate the body’s immune system, leading to more pain/sufferings, bankruptcy due to high medical costs and shortened life-span!

    I plan to setup the first such half-way house in China, then expand into a chain, and eventually expand our concept globally. Below are my reasons I choose China to begin with my project:

    1) Huge population – more and more people getting sick after eating Western diet and following their life-style.

    2) Western Mega pharmas’ and Food industries’ expanding footholds in China would soon lead the Chinese population to similar rate of obesity, type 2 diabetics and cancer sufferers like in the US, if the population is not correctly educated on diet and healthy life-style.

    3) I can use data from such huge numbers of successful reversal of the sick to healthy via diet WITHOUT drugs to refute the fake ‘Scientific Literature’ authored by researchers who are under the mega pharma and food industry’s payroll. In fact, it was reported that half of all
    Scientific Literature is False! This is just one of many I have found during my research:

    – Dr. Richard Horton, the current editor in chief of The Lancet who published a
    statement in April declaring that a lot of published research is unreliable at best, if not completely false.

    – Dr. Marcia Angell, a physician and long-time editor-in-chief of the New England
    Journal of Medicine (NEJM), one of the most prestigious peer-reviewed medical
    journals in the world, quoted plainly: “It is simply no longer possible to believe much of
    the clinical research that is published, or to rely on the judgment of trusted
    physicians or authoritative medical guidelines. I take no pleasure in this
    conclusion, which I reached slowly and reluctantly over my two decades as an
    editor of the New England Journal of Medicine.”

    I am confident we are able also to win the trust of hospitals and medical doctors when they see what we can achieve while their pharma drugs couldn’t. RESULTS DON’T LIE!

    My vision includes expanding the project into organic farming and healthy food outlets (or restaurants), healthy food school canteens and more!

    If there are genuine major investor(s) who share my vision and interest, I’m prepared to meet them personally in Singapore (where I’m located) to discuss the plan further. If someone is able to help organize and gather a group of small-time investors, I’m also prepared to fly to China to discuss my plan.

    God Bless!

  • Pierre Chenxu

    I am seeking crowd funding to setup a half-way house for the obese and type 2 diabetics (possibly also cancer patients) to help them efficaciously reverse their condition without drugs!

    For more than 30 years I have been helping my clients clear their complexion woes both by my proprietary products, treatment procedures and healthy diet and lifestyle advice. My latest Quantum Natural Medicine PhD dissertation which scored me 99% marks is on how Diet alone could reverse obesity and type 2 diabetes. I also intend to expand my dissertation to include the reversal of cancer by diet and to publish it into a book.

    I have been a research scientist since 1982 having developed over 100 unique proprietary skin blemish treatment products and winning several International Europe Quality Awards. I also possess the following degrees:

    – Bachelor in Holistic Health Sciences
    – Master in Information Systems
    – Master in Natural Medicine
    – Doctorate in Business Administration
    – Doctorate in Natural Medicine
    – PhD in Natural Medicine

    I was also personally mentored by two mainland Chinese Master Acupuncturists in 1972 and
    by the late honorable Dr. William Arnold-Taylor, Life Fellow, Royal Society of Medicine Founder Member U.K.

    So, being well-versed in western materials science, TCM acupuncture and Quantum Science holistic education I am confident in training and leading a team of alternative and integrative healthcare professionals in helping the sick reverse their condition druglessly! Besides, I can also enlist the help of many friends and acquaintances who are both western-trained medical doctors and Quantum-trained holistic natural/alternative medicine doctors.

    Poor diet which leads to mitochondrial dysfunction and decay is the primary cause to all diseases, and dependence on pharma drugs to suppress the symptoms would only deteriorate the body’s immune system, leading to more pain/sufferings, bankruptcy due to high medical costs and shortened life-span!

    I plan to setup the first such half-way house in China, then expand into a chain, and eventually expand our concept globally. Below are my reasons I choose China to begin with my project:

    1) Huge population – more and more people getting sick after eating Western diet and following their life-style.

    2) Western Mega pharmas’ and Food industries’ expanding footholds in China would soon lead the Chinese population to similar rate of obesity, type 2 diabetics and cancer sufferers like in the US, if the population is not correctly educated on diet and healthy life-style.

    3) I can use data from such huge numbers of successful reversal of the sick to healthy via diet WITHOUT drugs to refute the fake ‘Scientific Literature’ authored by researchers who are under the mega pharma and food industry’s payroll. In fact, it was reported that half of all
    Scientific Literature is False! This is just one of many I have found during my research:

    – Dr. Richard Horton, the current editor in chief of The Lancet who published a
    statement in April declaring that a lot of published research is unreliable at best, if not completely false.

    – Dr. Marcia Angell, a physician and long-time editor-in-chief of the New England
    Journal of Medicine (NEJM), one of the most prestigious peer-reviewed medical
    journals in the world, quoted plainly: “It is simply no longer possible to believe much of
    the clinical research that is published, or to rely on the judgment of trusted
    physicians or authoritative medical guidelines. I take no pleasure in this
    conclusion, which I reached slowly and reluctantly over my two decades as an
    editor of the New England Journal of Medicine.”

    I am confident we are able also to win the trust of hospitals and medical doctors when they see what we can achieve while their pharma drugs couldn’t. RESULTS DON’T LIE!

    My vision includes expanding the project into organic farming and healthy food outlets (or restaurants), healthy food school canteens and more!

    If there are genuine major investor(s) who share my vision and interest, I’m prepared to meet them personally in Singapore (where I’m located) to discuss the plan further. If someone is able to help organize and gather a group of small-time investors, I’m also prepared to fly to China to discuss my plan.

    God Bless!

  • which of them allow non-chinese campaigns in english?

  • Oat Srivipapong

    For investors who are interested to invest in Thailand’s mega project

    My company has purposes to invest in retail business which is shopping center. It is the combination between 80% branded products and 20% local products. The first brunch is planned to open in Chiang Rai province targeting at Chinese tourists before expanding the branch to other large cities. In addition, the company also has a plan to expand its business into real estate business such as condominiums and hotels.

    On behalf of company, we have a need to find business partners who are interested to invest in real businesses at Chiang Rai province with the company. This province is promoted as gateway to Kunming, China via Silk Road (R3A – Thailand, Laos, and China) and R3B routes (Thailand, Myanmar, and China)

    This project includes the creation of local market and shopping center for selling branded products and local souvenirs from 77 provinces of the countries. There will be replica of the important tourist destinations in Thailand such as Wat Phra Kaew (Temple of the Emerald Buddha) and Erawan shrine. We hope that this shopping center can be one of the important shopping center of the country and become a main tourist destination for international tourists. The target customers of the shopping center are aimed to be international tourists, especially Chinese who come into Thailand through Chiang Rai border. From the data collection, it suggested that between 1st to 18th February every year, the total number of tourists visit Chiang Rai were 37,249. In all, approximately 8,000 tourists were Chinese and there were about 3,000 cars passed through border. In 1 years, there were 2.4 million tourists visited Chiang Rai (Data from Prachachart Turakij, 2012). About the company’s president, he is having a great relationship with local leaders and be parted of major political party of Thailand. He assures that Chiang Rai will become one of the provinces that generate economic benefits to the country within 3 years from now.

    In the first stage, the company will primarily invest in the Shopping Center, including areas for:

    (1) Selling souvenirs from 77 provinces throughout the country

    (2) Food and drinks

    (3) Fashion

    (4) Coffee shop

    (5) Hand-made product

    (6) Workshop (arts and culture) and

    (7) Activities (Music and event)

    For the design of the shopping center, it will be designed in such a way that well-corroborated with Thai traditional and culture. Each area will be designed as exhibitions where tourists and enjoy taking photos, relaxing and getting more information about Thainess. The tourists can enjoy shopping and at the same time absorbing Thai atmosphere.

    Project Management

    1. Designing Team

    The company will outsource. It is the company that is famous in Thailand and has various popular works published in many international magazines. The owner of the company was born in Chiang Rai. This company will help My Company to achieve the project.

    2. Marketing, Research, and Retail Management Team

    This team used to work for other famous shopping center in Thailand such as the Central Group. They are experts in managing retail business. With these experienced experts joining into the project, the company has a very high confidence that this project will be successful unquestionably.

    ### Payback period is 3 years (excluded interest)

    Company offers

    Company is willing to consider any offers made by the investors or as the following:

    The company is willing to exchange information with investors who are interested in investing in this project. The company is highly confident that this project can generate a good return on investment with the aim to create sustain business and at the same time develop community well-being in both Chiang Rai and Thailand. This project will become one of the main tourist destinations in this near future.

    Please contact Me.

    At email: [email protected]

  • guitargod

    Hi,

    For getting your funding platform global, you need generic domain names. I have the following group of 3 which would be a great brand;

    chipincrowdfund.com, chipincrowdfunds.com, chipincrowdfunding.com.

    Let me know if you are interested and leave your contact details.

    Thank you.