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Number of crowdfunding platforms in China from 2012 to 2017

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Sources

Release date

March 2018

Region

China

Survey time period

2012 to 2017

Supplementary notes

Note: 1 yuan equals approximately 0.15 U.S. dollars and 0.13 euros (as of July 2019).

Citation formats

Crowdfunding platform number in China 2012-2017

Published by Jenny Yang, Jul 29, 2019
After five consecutive years of strong growth, the number of crowdfunding platforms in Chinese market dropped from *** to *** in 2017. The Chinese Securities Regulatory Commission defined equity crowdfunding as illegal practices in the end of 2016, which could be one of the reasons causing the significant closure of this kind of platforms.
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