5ichuang is a Kickstarter-like crowdfunding service, which aims to establish a communication platform for entrepreneurs and investors. The site was launched in this December under the support of startup service agency Feimalv, which has helped tens of startups to raise over 300 million yuan ($49.01 million) of funds in the past two years.

Like Kickstarter, 5ichuang claims no ownership over the projects and the work they produce. Project creators can choose a funding goal and demo their ideas on the platform to attract attentions of both institutional and individual investors, which the company introduced as a B2B2C model.

Individual investors, who only can invest in projects that are approved by institutional investors, will enjoy the same investment provisions as institutional investors and the minimum investment amount is 30,000 yuan.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.