Crowdfunding in China
A New Institutional Economics Approach
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Beschreibung
China is currently the front-runner on the global crowdfunding market, even though this form of financing originated in the USA. Crowdfunding in China, however, differs significantly from its counterpart in the West. This book reveals that Chinese crowdfunding is a product of the country’s dynamic internet sector, which is based on mobile internet, e-commerce, and online/mobile payments, together with significant government support. The author presents a comprehensive theoretical, empirical and field-based work on crowdfunding in China. Adopting a new institutional economics approach, it maps and deciphers the origins and paths of informal finance that have led to internet finance and the rise of crowdfunding platforms. In addition, three case studies are analyzed and their implications for crowdfunding stakeholders in China are discussed.
China is currently the front-runner on the global crowdfunding market, even though this form of financing originated in the USA. Crowdfunding in China, however, differs significantly from its counterpart in the West. This book reveals that Chinese crowdfunding is a product of the country’s dynamic internet sector, which is based on mobile internet, e-commerce, and online/mobile payments, together with significant government support. The author presents a comprehensive theoretical, empirical and field-based work on crowdfunding in China. Adopting a new institutional economics approach, it maps and deciphers the origins and paths of informal finance that have led to internet finance and the rise of crowdfunding platforms. In addition, three case studies are analyzed and their implications for crowdfunding stakeholders in China are discussed.
Presents an in-depth overview of the crowdfunding landscape in China Shows how WeChat crowdfunding and E-commerce crowdfunding have become game changers in informal finance Analyzes data gathered from the field and case studies to draw implications for institutions in China
Autor*in
Andrea S. Funk
Themen in »Crowdfunding in China«
Crowdfunding in China Institutions and crowdfunding The theory of financialisation Rotating savings and credit associations Informal finance in China Internet finance and fintech Fintech in China China’s e-payments market Crowdfunding platforms in China P2P finance in China Transaction costs Principal-agent relations Theory of financialisation