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“Born to Serve the Small”: Crowdfunding for SMEs

  • Jiazhuo G. WangEmail author
  • Juan Yang
Chapter

Abstract

Since ArtistShare’s launch in 2003, crowdfunding has emerged as a prominent alternative method of financing, especially for fundraisers and investors dealing in smaller quantity funding. In 2014, global crowdfunding was estimated to have raised USD $16.2 billion for various initiatives, up by 167 % from the $6.1 billion raised in 2013. In 2015, the entire industry is, once again, projected to grow to more than double its current size, reaching $34.4 billion. In Asia, the highest growth in crowdfunding volumes was 320 %, reaching an aggregated value of $3.4 billion, and Asia became the second-largest region for crowdfunding worldwide, ahead of Europe ($3.26 billion) and trailing only North America ($9.46 billion). As the fastest growing country in Asia, China has also caught onto the crowdfunding trend. As of the end of 2014, there were 128 crowdfunding platforms in 17 provinces, raising a total of over RMB 1.5 billion funds and financing over 3000 projects.

Keywords

Venture Capital Private Equity Equity Investment Small Investor Private Equity Fund 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Reference

  1. Zhu P. 2015. Social mission of crowdfunding. Presentation at Peking University.Google Scholar

Copyright information

© Springer Science+Business Media Singapore 2016

Authors and Affiliations

  1. 1.School of Business, College of Staten IslandCity University of New YorkStaten Island, New YorkUSA
  2. 2.HSBC Business SchoolPeking UniversityShenzhenChina

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