041: CROWDFUNDING in china

crowdfunding money online

041: CROWDFUNDING in china

Find out how to crowdfund your film in China. Know the major players. Additionally, understand the differences between U.S and Chinese crowdfunding.. Recognize the pros and cons.

Indeed, where does a filmmaker look for investors? Not only your friendly banker and rich relatives, but also consider crowdfunding.

This is the process of funding a venture or project by raising small amounts of money from a large number of people. In particular, this typically via the internet.

To illustrate. the article “Crowdfunding in China: Overcoming the Differences to Access a Unique Market” reported that “The most common forms are:  Equity-based. Similarity, there is also reward-based and debt-based. Debt based means peer-to-peer lending. Lastly there is  Donation-based crowdfunding. 

How do the U.S. and China differ?

Additionally, the article “The Growing Potential of Crowdfunding in China” stated that “Chinese platforms, more so than their counterparts in the West, offer more tangible rewards for their contributors.”

THREE KEY POINTS

FIND A FUNDING PARTNER 

Clearly you’re better off partnering with someone in China to handle the language issues. Obviously, this is more work. However, the upside is your project can tap into the exploding China Film Market.

INVESTORS LOOKING TO BANKROLL PROJECTS 

Furthermore,Chinese financiers are hungry for projects to invest in. Additionally, entrepreneurs have a hard time getting traditional bank loans. Therefore, the time is right. You can make connections between the startup (you – the filmmaker) and Chinese investors.

HARD GOODS NEEDED TO UNDERWRITE YOUR CAMPAIGN

Additionally, some U.S. filmmakers will give away digital products. This could be a film download. However Chinese fans prefer something tangible like merchandise. 

Check out our other blogs and podcasts here:

Podcast 037: Lessons on Fundraising in China

Podcast 013: Crowdfund a Hong Kong Film

Blog: Crowdfunding a Chinese Film

China Hollywood Greenlight Podcast – Episode 41

How to Crowdfund Your Film In China

Show Notes

Host: Caryn McCann

Website:  The China List – where Hollywood and China meet  https://chnlist.com/

Facebookhttps://www.facebook.com/groups/TheChinaList

Twitter: @chnlist     https://twitter.com/chnlist

LinkedIn:  https://www.linkedin.com/in/caryn-mccann-5718058/

Lead to Articles mentioned

Crowdfunding in China: Overcoming the Differences to Access a Unique Market: https://bit.ly/3zg8byp

China’s Crowdfunding Witnessing a Boom: https://bit.ly/3eH9Aoq

The Growing Potential of Crowdfunding in China: https://bit.ly/3mLx14h

Leads to Companies mentioned

YuLeBao   娱乐宝 https://yulebao.alibaba.com/

Coufenzi 凑分子 https://corporate.jd.com/home

BaiFa YouXi 百发游戏 – part of the Baidu network. https://bit.ly/3EHaQlR

Dreamore:  Is an all or nothing crowdfunding model. http://www.dreamore.com/

CTQuan: equity crowdfunding platform. http://ctquan.com/

Zhong Chou: 众筹 is a rewards-based platform. https://zhongchou.com/

Tao Meng: 淘梦 Dedicated to filmmakers. http://tmeng.cn/

Fringebacker. Dedicated to artistic projects: https://www.fringebacker.com/en/

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