Leading integrated crowdfunding platforms in China 2020, based on funds raised
The value of successful funding of the reward-based crowdfunding platform Xiaomi Crowdfunding in China amounted to 11.3 million yuan in April 2020. On reward-based crowdfunding platforms, investors received a product or service of the company in return for their investment. Together, the top-five platforms had 381 successful campaigns and raised more than 16 million yuan in April 2020. From the ranking, it becomes apparent that many established companies, such as Xiaomi and Taobao, also had their crowdfunding platforms.