DemoHour, a Kickstarter-like crowdfunding service, plans to raise a total of 100 million yuan ($16 million) from one hundred enterprises — one million yuan from each one — to fund startups on its platform. Xiaomi, the smartphone and mobile Internet service provider, and ChinaVisual, a website for creative designs, had signed up to it, Demohour announced last week (in Chinese).

At the same time it decided to stop charging the 10% commission fee from July 4. Doing so is to encourage more users to adopt the service.

Both of the moves sound to me like counter-measures to the fact that audiences are not willing to fund startups there and startups or individuals are reluctant to post their projects concerning commission fees. I’m not sure if it’s the case, but what’s true is you’d often be told by Chinese that you must earn much more money from enterprises rather than average consumers, or you should offer Internet services for free to scale up and grab market shares faster.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com