What’s the state of the art of crowdfunding in China? According to a local platform, Wangdaizhijia, the sector is far smaller if compared to P2P lending but it is rapidly growing, a study reveals.
In fact, over 2015, Crowdfund Insider reports, the industry gained almost 76 million investors topping $ 1.71 billion of raised funds which means a 5-time increase versus 2014.
Moreover, according to forecasts, the financing amount will total $2.24 billion by the end of the year.
When it comes to the number of platforms operating in the market, the study confirms a steep increase as those passed from 100 to 380 and are expected to reach 400 by the end of 2016.
Among the 27 provinces across which crowdfunding platforms are distributed, 6 of them [Guangzhou (94 platforms), Beijing (89), Shangai (57), Shandong (34), Zhejiang (24) and Jiangsu (17)] account for 81.32% of the total normal operational platforms.
However, one of the most interesting findings of the study is that while other forms of crowdfunding (e.g. donation and reward-based) report an increase in terms investments raised, equity crowdfunding already occupies 85.72% of 2015 total level thanks to $665 million raised from the beginning of the year.
Find out more in the embedded document below.