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The global Crowdfunding market size is valued at 10.2 Billion USD in 2018 and is expected to reach 28.8 Billion USD by the end of 2025, growing at a CAGR of 16% between 2018 and 2025.The crowdfunding business first appeared in the UK in 2007, then developed rapidly in the US market. The Chinese market only started in 2013. With the rapid rise of China's technology finance, the crowdfunding industry has developed rapidly in China. Since 2018, China has surpassed the United States to become the world's largest player.
This report also analyzes the impact of Coronavirus COVID-19 on the Crowdfunding industry.
The global crowdfunding market is driven by one of the main variables that it is used as a free promotion instrument. It offers the chance to pre-sell a product as a free instrument for cost marketing. An active crowdfunding campaign can, therefore, go beyond than only purchasing the necessary resources. These campaigns are cheap, and various channels can be quickly accessed.
Campaigns are intended to communicate the project's mission and vision readily. Crowdfunding has proved itself as a practical way to raise resources, in particular with the extensive use of the Internet. However, it is difficult for creators and sponsors to anticipate the achievement of a campaign to limit existing crowdfunding platforms.
With the use of Social media, one can track the transfer of traffic to the websites for several crowdfunding campaigns. This report has a detailed classification of different market segment based on its type.
In an equity crowdfunding investors, invest in exchange for stocks, or a small stake in your company, project or undertaking. This kind of crowdfunding could be best used by growth-focused businesses in fields with prospective returns.
Reward based crowdfunding allows investors to contribute for non-financial advantages to your business. Such reward-based crowdfunding is usually used for creative projects. The more investors donate to your fund, the more the reward they receive.
The Donation crowdfunding is intended for charitable organizations to collect a community online and allow them to make a donation to a project or receive cash for social or charitable projects.
Based on the analysis, it is estimated that there are approximately 19 times as many reward based crowdfunding campaigns in comparison to the equity crowdfunding.
The overall competition of the crowdfunding market is fragmented as different organizations target and focus on niche segments and verticals. Some of the significant players amongst them include,
The GoFundMe is an American crowdfunding platform that helps to raise funds for activities ranging from festivities and graduations to severe health conditions such as cancer and heart-related illness. GoFundMe enables users to build their website to raise the required funds.
Kickstarter is a crowdfunding community based on creativity and creative initiatives. The Kickstarter platform is accessible to supporters from around the globe and artists from numerous nations
Indiegogo is a cross-financing platform that allows individuals to raise cash for their products, services, and creative undertakings from a broad range of individuals.
Apart from these organizations, there are several other crowdfunding firms that are competing in the same crowdfunding sector of the market. This includes organizations like Fundable, Crowdcube, GoGetFunding, Patreon, Crowdfunder, CircleUp, AngelList, RocketHub, DonorsChoose, Crowdfunder.
This report provides an in-depth analysis of the market's competitive landscape along with information on the services offered. This report will help companies to identify and strategies a new development approach to stabilize themselves in the market.
Global Crowdfunding Market Size, Status and Forecast 2019-2025
1 Report Overview 1
1.1 Study Scope 1
1.2 Key Market Segments 1
1.3 Players Covered 2
1.4 Market Analysis by Type 3
1.4.1 Global Crowdfunding Market Size Growth Rate by Type (2014-2025) 3
1.4.2 Reward-based Crowdfunding 4
1.4.3 Equity Crowdfunding 4
1.4.4 Donation and Other 5
1.5 Market by Application 6
1.5.1 Global Crowdfunding Market Share by Application (2014-2025) 6
1.5.2 Cultural Industries 6
1.5.3 Technology 7
1.5.4 Product 8
1.5.5 Healthcare 8
1.5.6 Other 9
1.6 Study Objectives 10
1.7 Years Considered 11
2 Global Growth Trends 12
2.1 Global Crowdfunding Market Size 12
2.2 Crowdfunding Growth Trends by Regions 12
2.2.1 Crowdfunding Market Size by Regions (2014-2025) 12
2.2.2 Crowdfunding Market Share by Regions (2014-2019) 13
2.3 Industry Trends 15
2.3.1 Market Top Trends 15
2.3.2 Market Drivers 15
3 Market Share by Key Players 16
3.1 Crowdfunding Market Size by Manufacturers 16
3.1.1 Global Crowdfunding Raised Fund by Manufacturers (2014-2019) 16
3.1.2 Global Crowdfunding Raised Fund Market Share by Manufacturers (2014-2019) 17
3.1.3 Global Crowdfunding Market Concentration 19
3.2 Crowdfunding Key Players Head office and Area Served 20
3.3 Key Players Crowdfunding Product/Solution/Service 20
3.4 Date of Enter into Crowdfunding Market 21
3.5 Mergers & Acquisitions, Expansion Plans 22
4 Breakdown Data by Type and Application 24
4.1 Global Crowdfunding Market Size by Type (2014-2019) 24
4.2 Global Crowdfunding Market Size by Application (2014-2019) 25
5 United States 27
5.1 United States Crowdfunding Market (2014-2019) 27
5.2 Crowdfunding Key Players in United States 27
5.3 United States Crowdfunding Market Size by Type 28
5.4 United States Crowdfunding Market Size by Application 29
6 Europe 30
6.1 Europe Crowdfunding Market (2014-2019) 30
6.2 Crowdfunding Key Players in Europe 30
6.3 Europe Crowdfunding Market Size by Type 31
6.4 Europe Crowdfunding Market Size by Application 31
7 China 33
7.1 China Crowdfunding Market (2014-2019) 33
7.2 Crowdfunding Key Players in China 33
7.3 China Crowdfunding Market Size by Type 34
7.4 China Crowdfunding Market Size by Application 34
8 Japan 36
8.1 Japan Crowdfunding Market (2014-2019) 36
8.2 Crowdfunding Key Players in Japan 36
8.3 Japan Crowdfunding Market Size by Type 37
8.4 Japan Crowdfunding Market Size by Application 37
9 Southeast Asia 39
9.1 Southeast Asia Crowdfunding Market (2014-2019) 39
9.2 Crowdfunding Key Players in Southeast Asia 39
9.3 Southeast Asia Crowdfunding Market Size by Type 40
9.4 Southeast Asia Crowdfunding Market Size by Application 40
10 India 42
10.1 India Crowdfunding Market (2014-2019) 42
10.2 Crowdfunding Key Players in India 42
10.3 India Crowdfunding Market Size by Type 43
10.4 India Crowdfunding Market Size by Application 43
11 Central & South America 45
11.1 Central & South America Crowdfunding Market (2014-2019) 45
11.2 Crowdfunding Key Players in Central & South America 45
11.3 Central & South America Crowdfunding Market Size by Type 46
11.4 Central & South America Crowdfunding Market Size by Application 46
12 Key Players Profiles 48
12.1 Kickstarter 48
12.1.1 Kickstarter Company Details 48
12.1.2 Company Description and Business Overview 48
12.1.3 Crowdfunding Introduction 48
12.1.4 Kickstarter Raised Fund in Crowdfunding Business (2014-2019) 49
12.2 Indiegogo 50
12.2.1 Indiegogo Company Details 50
12.2.2 Company Description and Business Overview 50
12.2.3 Crowdfunding Introduction 50
12.2.4 Indiegogo Raised Fund in Crowdfunding Business (2014-2019) 51
12.3 GoFundMe 52
12.3.1 GoFundMe Company Details 52
12.3.2 Company Description and Business Overview 52
12.3.3 Crowdfunding Introduction 52
12.3.4 GoFundMe Raised Fund in Crowdfunding Business (2014-2019) 53
12.3.5 GoFundMe Recent Development 53
12.4 Fundable 54
12.4.1 Fundable Company Details 54
12.4.2 Company Description and Business Overview 55
12.4.3 Crowdfunding Introduction 55
12.4.4 Fundable Raised Fund in Crowdfunding Business (2014-2019) 55
12.5 Crowdcube 56
12.5.1 Crowdcube Company Details 56
12.5.2 Company Description and Business Overview 57
12.5.3 Crowdfunding Introduction 57
12.5.4 Crowdcube Raised Fund in Crowdfunding Business (2014-2019) 57
12.6 GoGetFunding 58
12.6.1 GoGetFunding Company Details 58
12.6.2 Company Description and Business Overview 59
12.6.3 Crowdfunding Introduction 59
12.6.4 GoGetFunding Raised Fund in Crowdfunding Business (2014-2019) 59
12.7 Patreon 60
12.7.1 Patreon Company Details 60
12.7.2 Company Description and Business Overview 61
12.7.3 Crowdfunding Introduction 61
12.7.4 Patreon Raised Fund in Crowdfunding Business (2014-2019) 61
12.8 Crowdfunder 62
12.8.1 Crowdfunder Company Details 62
12.8.2 Company Description and Business Overview 63
12.8.3 Crowdfunding Introduction 63
12.8.4 Crowdfunder Raised Fund in Crowdfunding Business (2014-2019) 64
12.9 CircleUp 64
12.9.1 CircleUp Company Details 65
12.9.2 Company Description and Business Overview 65
12.9.3 Crowdfunding Introduction 65
12.9.4 CircleUp Raised Fund in Crowdfunding Business (2014-2019) 66
12.10 AngelList 66
12.10.1 AngelList Company Details 67
12.10.2 Company Description and Business Overview 67
12.10.3 Crowdfunding Introduction 67
12.10.4 AngelList Raised Fund in Crowdfunding Business (2014-2019) 68
12.11 RocketHub 68
12.11.1 RocketHub Company Details 68
12.11.2 Company Description and Business Overview 69
12.11.3 Crowdfunding Introduction 69
12.11.4 RocketHub Raised Fund in Crowdfunding Business (2014-2019) 69
12.12 DonorsChoose 70
12.12.1 DonorsChoose Company Details 70
12.12.2 Company Description and Business Overview 71
12.12.3 Crowdfunding Introduction 71
12.12.4 DonorsChoose Raised Fund in Crowdfunding Business (2014-2019) 71
12.13 Crowdfunder UK 72
12.13.1 Crowdfunder UK Company Details 72
12.13.2 Company Description and Business Overview 73
12.13.3 Crowdfunding Introduction 73
12.13.4 Crowdfunder UK Raised Fund in Crowdfunding Business (2014-2019) 73
12.14 FundRazr 74
12.14.1 FundRazr Company Details 74
12.14.2 Company Description and Business Overview 75
12.14.3 Crowdfunding Introduction 75
12.14.4 FundRazr Raised Fund in Crowdfunding Business (2014-2019) 76
12.15 Companisto 76
12.15.1 Companisto Company Details 77
12.15.2 Company Description and Business Overview 77
12.15.3 Crowdfunding Introduction 77
12.15.4 Companisto Raised Fund in Crowdfunding Business (2014-2019) 78
12.16 Campfire 78
12.16.1 Campfire Company Details 79
12.16.2 Company Description and Business Overview 79
12.16.3 Crowdfunding Introduction 79
12.16.4 Campfire Raised Fund in Crowdfunding Business (2014-2019) 79
12.16.5 Campfire Recent Development 80
12.17 Milaap 80
12.17.1 Milaap Company Details 80
12.17.2 Company Description and Business Overview 81
12.17.3 Crowdfunding Introduction 81
12.17.4 Milaap Raised Fund in Crowdfunding Business (2014-2019) 82
12.18 Crowdo 82
12.18.1 Crowdo Company Details 82
12.18.2 Company Description and Business Overview 83
12.18.3 Crowdfunding Introduction 83
12.18.4 Crowdo Raised Fund in Crowdfunding Business (2014-2019) 84
12.19 CrowdPlus 84
12.19.1 CrowdPlus Company Details 84
12.19.2 Company Description and Business Overview 85
12.19.3 Crowdfunding Introduction 85
12.19.4 CrowdPlus Raised Fund in Crowdfunding Business (2014-2019) 86
12.20 Modian 86
12.20.1 Modian Company Details 87
12.20.2 Company Description and Business Overview 87
12.20.3 Crowdfunding Introduction 87
12.20.4 Modian Raised Fund in Crowdfunding Business (2014-2019) 87
12.21 DemoHour 88
12.21.1 DemoHour Company Details 88
12.21.2 Company Description and Business Overview 89
12.21.3 Crowdfunding Introduction 89
12.21.4 DemoHour Raised Fund in Crowdfunding Business (2014-2019) 89
12.22 Alibaba 90
12.22.1 Alibaba Company Details 90
12.22.2 Company Description and Business Overview 91
12.22.3 Crowdfunding Introduction 91
12.22.4 Alibaba Raised Fund in Crowdfunding Business (2014-2019) 91
12.23 Jingdong 92
12.23.1 Jingdong Company Details 92
12.23.2 Company Description and Business Overview 93
12.23.3 Crowdfunding Introduction 93
12.23.4 Jingdong Raised Fund in Crowdfunding Business (2014-2019) 93
12.24 Suning 94
12.24.1 Suning Company Details 94
12.24.2 Company Description and Business Overview 95
12.24.3 Crowdfunding Introducti
The global Crowdfunding market size is valued at 10.2 Billion USD in 2018 and is expected to reach 28.8 Billion USD by the end of 2025, growing at a CAGR of 16% between 2018 and 2025.The crowdfunding business first appeared in the UK in 2007, then developed rapidly in the US market. The Chinese market only started in 2013. With the rapid rise of China's technology finance, the crowdfunding industry has developed rapidly in China. Since 2018, China has surpassed the United States to become the world's largest player.
This report also analyzes the impact of Coronavirus COVID-19 on the Crowdfunding industry.
The global crowdfunding market is driven by one of the main variables that it is used as a free promotion instrument. It offers the chance to pre-sell a product as a free instrument for cost marketing. An active crowdfunding campaign can, therefore, go beyond than only purchasing the necessary resources. These campaigns are cheap, and various channels can be quickly accessed.
Campaigns are intended to communicate the project's mission and vision readily. Crowdfunding has proved itself as a practical way to raise resources, in particular with the extensive use of the Internet. However, it is difficult for creators and sponsors to anticipate the achievement of a campaign to limit existing crowdfunding platforms.
With the use of Social media, one can track the transfer of traffic to the websites for several crowdfunding campaigns. This report has a detailed classification of different market segment based on its type.
In an equity crowdfunding investors, invest in exchange for stocks, or a small stake in your company, project or undertaking. This kind of crowdfunding could be best used by growth-focused businesses in fields with prospective returns.
Reward based crowdfunding allows investors to contribute for non-financial advantages to your business. Such reward-based crowdfunding is usually used for creative projects. The more investors donate to your fund, the more the reward they receive.
The Donation crowdfunding is intended for charitable organizations to collect a community online and allow them to make a donation to a project or receive cash for social or charitable projects.
Based on the analysis, it is estimated that there are approximately 19 times as many reward based crowdfunding campaigns in comparison to the equity crowdfunding.
The overall competition of the crowdfunding market is fragmented as different organizations target and focus on niche segments and verticals. Some of the significant players amongst them include,
The GoFundMe is an American crowdfunding platform that helps to raise funds for activities ranging from festivities and graduations to severe health conditions such as cancer and heart-related illness. GoFundMe enables users to build their website to raise the required funds.
Kickstarter is a crowdfunding community based on creativity and creative initiatives. The Kickstarter platform is accessible to supporters from around the globe and artists from numerous nations
Indiegogo is a cross-financing platform that allows individuals to raise cash for their products, services, and creative undertakings from a broad range of individuals.
Apart from these organizations, there are several other crowdfunding firms that are competing in the same crowdfunding sector of the market. This includes organizations like Fundable, Crowdcube, GoGetFunding, Patreon, Crowdfunder, CircleUp, AngelList, RocketHub, DonorsChoose, Crowdfunder.
This report provides an in-depth analysis of the market's competitive landscape along with information on the services offered. This report will help companies to identify and strategies a new development approach to stabilize themselves in the market.
Global Crowdfunding Market Size, Status and Forecast 2019-2025
1 Report Overview 1
1.1 Study Scope 1
1.2 Key Market Segments 1
1.3 Players Covered 2
1.4 Market Analysis by Type 3
1.4.1 Global Crowdfunding Market Size Growth Rate by Type (2014-2025) 3
1.4.2 Reward-based Crowdfunding 4
1.4.3 Equity Crowdfunding 4
1.4.4 Donation and Other 5
1.5 Market by Application 6
1.5.1 Global Crowdfunding Market Share by Application (2014-2025) 6
1.5.2 Cultural Industries 6
1.5.3 Technology 7
1.5.4 Product 8
1.5.5 Healthcare 8
1.5.6 Other 9
1.6 Study Objectives 10
1.7 Years Considered 11
2 Global Growth Trends 12
2.1 Global Crowdfunding Market Size 12
2.2 Crowdfunding Growth Trends by Regions 12
2.2.1 Crowdfunding Market Size by Regions (2014-2025) 12
2.2.2 Crowdfunding Market Share by Regions (2014-2019) 13
2.3 Industry Trends 15
2.3.1 Market Top Trends 15
2.3.2 Market Drivers 15
3 Market Share by Key Players 16
3.1 Crowdfunding Market Size by Manufacturers 16
3.1.1 Global Crowdfunding Raised Fund by Manufacturers (2014-2019) 16
3.1.2 Global Crowdfunding Raised Fund Market Share by Manufacturers (2014-2019) 17
3.1.3 Global Crowdfunding Market Concentration 19
3.2 Crowdfunding Key Players Head office and Area Served 20
3.3 Key Players Crowdfunding Product/Solution/Service 20
3.4 Date of Enter into Crowdfunding Market 21
3.5 Mergers & Acquisitions, Expansion Plans 22
4 Breakdown Data by Type and Application 24
4.1 Global Crowdfunding Market Size by Type (2014-2019) 24
4.2 Global Crowdfunding Market Size by Application (2014-2019) 25
5 United States 27
5.1 United States Crowdfunding Market (2014-2019) 27
5.2 Crowdfunding Key Players in United States 27
5.3 United States Crowdfunding Market Size by Type 28
5.4 United States Crowdfunding Market Size by Application 29
6 Europe 30
6.1 Europe Crowdfunding Market (2014-2019) 30
6.2 Crowdfunding Key Players in Europe 30
6.3 Europe Crowdfunding Market Size by Type 31
6.4 Europe Crowdfunding Market Size by Application 31
7 China 33
7.1 China Crowdfunding Market (2014-2019) 33
7.2 Crowdfunding Key Players in China 33
7.3 China Crowdfunding Market Size by Type 34
7.4 China Crowdfunding Market Size by Application 34
8 Japan 36
8.1 Japan Crowdfunding Market (2014-2019) 36
8.2 Crowdfunding Key Players in Japan 36
8.3 Japan Crowdfunding Market Size by Type 37
8.4 Japan Crowdfunding Market Size by Application 37
9 Southeast Asia 39
9.1 Southeast Asia Crowdfunding Market (2014-2019) 39
9.2 Crowdfunding Key Players in Southeast Asia 39
9.3 Southeast Asia Crowdfunding Market Size by Type 40
9.4 Southeast Asia Crowdfunding Market Size by Application 40
10 India 42
10.1 India Crowdfunding Market (2014-2019) 42
10.2 Crowdfunding Key Players in India 42
10.3 India Crowdfunding Market Size by Type 43
10.4 India Crowdfunding Market Size by Application 43
11 Central & South America 45
11.1 Central & South America Crowdfunding Market (2014-2019) 45
11.2 Crowdfunding Key Players in Central & South America 45
11.3 Central & South America Crowdfunding Market Size by Type 46
11.4 Central & South America Crowdfunding Market Size by Application 46
12 Key Players Profiles 48
12.1 Kickstarter 48
12.1.1 Kickstarter Company Details 48
12.1.2 Company Description and Business Overview 48
12.1.3 Crowdfunding Introduction 48
12.1.4 Kickstarter Raised Fund in Crowdfunding Business (2014-2019) 49
12.2 Indiegogo 50
12.2.1 Indiegogo Company Details 50
12.2.2 Company Description and Business Overview 50
12.2.3 Crowdfunding Introduction 50
12.2.4 Indiegogo Raised Fund in Crowdfunding Business (2014-2019) 51
12.3 GoFundMe 52
12.3.1 GoFundMe Company Details 52
12.3.2 Company Description and Business Overview 52
12.3.3 Crowdfunding Introduction 52
12.3.4 GoFundMe Raised Fund in Crowdfunding Business (2014-2019) 53
12.3.5 GoFundMe Recent Development 53
12.4 Fundable 54
12.4.1 Fundable Company Details 54
12.4.2 Company Description and Business Overview 55
12.4.3 Crowdfunding Introduction 55
12.4.4 Fundable Raised Fund in Crowdfunding Business (2014-2019) 55
12.5 Crowdcube 56
12.5.1 Crowdcube Company Details 56
12.5.2 Company Description and Business Overview 57
12.5.3 Crowdfunding Introduction 57
12.5.4 Crowdcube Raised Fund in Crowdfunding Business (2014-2019) 57
12.6 GoGetFunding 58
12.6.1 GoGetFunding Company Details 58
12.6.2 Company Description and Business Overview 59
12.6.3 Crowdfunding Introduction 59
12.6.4 GoGetFunding Raised Fund in Crowdfunding Business (2014-2019) 59
12.7 Patreon 60
12.7.1 Patreon Company Details 60
12.7.2 Company Description and Business Overview 61
12.7.3 Crowdfunding Introduction 61
12.7.4 Patreon Raised Fund in Crowdfunding Business (2014-2019) 61
12.8 Crowdfunder 62
12.8.1 Crowdfunder Company Details 62
12.8.2 Company Description and Business Overview 63
12.8.3 Crowdfunding Introduction 63
12.8.4 Crowdfunder Raised Fund in Crowdfunding Business (2014-2019) 64
12.9 CircleUp 64
12.9.1 CircleUp Company Details 65
12.9.2 Company Description and Business Overview 65
12.9.3 Crowdfunding Introduction 65
12.9.4 CircleUp Raised Fund in Crowdfunding Business (2014-2019) 66
12.10 AngelList 66
12.10.1 AngelList Company Details 67
12.10.2 Company Description and Business Overview 67
12.10.3 Crowdfunding Introduction 67
12.10.4 AngelList Raised Fund in Crowdfunding Business (2014-2019) 68
12.11 RocketHub 68
12.11.1 RocketHub Company Details 68
12.11.2 Company Description and Business Overview 69
12.11.3 Crowdfunding Introduction 69
12.11.4 RocketHub Raised Fund in Crowdfunding Business (2014-2019) 69
12.12 DonorsChoose 70
12.12.1 DonorsChoose Company Details 70
12.12.2 Company Description and Business Overview 71
12.12.3 Crowdfunding Introduction 71
12.12.4 DonorsChoose Raised Fund in Crowdfunding Business (2014-2019) 71
12.13 Crowdfunder UK 72
12.13.1 Crowdfunder UK Company Details 72
12.13.2 Company Description and Business Overview 73
12.13.3 Crowdfunding Introduction 73
12.13.4 Crowdfunder UK Raised Fund in Crowdfunding Business (2014-2019) 73
12.14 FundRazr 74
12.14.1 FundRazr Company Details 74
12.14.2 Company Description and Business Overview 75
12.14.3 Crowdfunding Introduction 75
12.14.4 FundRazr Raised Fund in Crowdfunding Business (2014-2019) 76
12.15 Companisto 76
12.15.1 Companisto Company Details 77
12.15.2 Company Description and Business Overview 77
12.15.3 Crowdfunding Introduction 77
12.15.4 Companisto Raised Fund in Crowdfunding Business (2014-2019) 78
12.16 Campfire 78
12.16.1 Campfire Company Details 79
12.16.2 Company Description and Business Overview 79
12.16.3 Crowdfunding Introduction 79
12.16.4 Campfire Raised Fund in Crowdfunding Business (2014-2019) 79
12.16.5 Campfire Recent Development 80
12.17 Milaap 80
12.17.1 Milaap Company Details 80
12.17.2 Company Description and Business Overview 81
12.17.3 Crowdfunding Introduction 81
12.17.4 Milaap Raised Fund in Crowdfunding Business (2014-2019) 82
12.18 Crowdo 82
12.18.1 Crowdo Company Details 82
12.18.2 Company Description and Business Overview 83
12.18.3 Crowdfunding Introduction 83
12.18.4 Crowdo Raised Fund in Crowdfunding Business (2014-2019) 84
12.19 CrowdPlus 84
12.19.1 CrowdPlus Company Details 84
12.19.2 Company Description and Business Overview 85
12.19.3 Crowdfunding Introduction 85
12.19.4 CrowdPlus Raised Fund in Crowdfunding Business (2014-2019) 86
12.20 Modian 86
12.20.1 Modian Company Details 87
12.20.2 Company Description and Business Overview 87
12.20.3 Crowdfunding Introduction 87
12.20.4 Modian Raised Fund in Crowdfunding Business (2014-2019) 87
12.21 DemoHour 88
12.21.1 DemoHour Company Details 88
12.21.2 Company Description and Business Overview 89
12.21.3 Crowdfunding Introduction 89
12.21.4 DemoHour Raised Fund in Crowdfunding Business (2014-2019) 89
12.22 Alibaba 90
12.22.1 Alibaba Company Details 90
12.22.2 Company Description and Business Overview 91
12.22.3 Crowdfunding Introduction 91
12.22.4 Alibaba Raised Fund in Crowdfunding Business (2014-2019) 91
12.23 Jingdong 92
12.23.1 Jingdong Company Details 92
12.23.2 Company Description and Business Overview 93
12.23.3 Crowdfunding Introduction 93
12.23.4 Jingdong Raised Fund in Crowdfunding Business (2014-2019) 93
12.24 Suning 94
12.24.1 Suning Company Details 94
12.24.2 Company Description and Business Overview 95
12.24.3 Crowdfunding Introducti
