China’s Alibaba launches equity crowdfunding site

27 Nov 2015: Alibaba, China’s internet giant, has launched an initial beta version of a crowdfunding platform called ANTSDAQ. Run by its Ant Financial Services affiliate, the initial listing comprises just 4 companies, whose campaigns run until the end of December. Ant Financial, which has been making online loans since 2011, is one of the first companies authorised by the Chinese authorities. All funds will be collected through Alipay, Alibaba’s payment processor.

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