Comment on Alibaba’s Online Equity Crowdfunding Platform ANTSDAQ Launches Beta by Why Is Every Chinese Tech Company Doing Online Finance? - TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2015-11-25 00:00:00

Ant Financial Services Group, Alibaba’s financial affiliate, has launched a beta version of their long-awaited online equity crowdfunding platform, ANTSDAQ. Ant Financial made a strategic investment in 36Kr this October, which operates a startup database and their own equity crowdfunding platform. The Development Of Equity Crowdfunding In ChinaThe Securities Association of China issued draft rules on online equity crowdfunding in late 2014, requiring them to put a limit on investors’ financial assets and annual average income. AngelList-like equity crowdfunding platforms have been operating in droves on the mainland even before the regulations were issued. There’re some other variations in online equity crowdfunding in China.