Ant Financial Services Group, Alibaba’s financial affiliate, has launched a beta version of their long-awaited online equity crowdfunding platform, ANTSDAQ.

ANTSDAQ has set limits for investors to meet Chinese financial regulations in line with other local equity crowdfunding sites.

Participants are required to have financial assets of at least RMB1 million ( US$170,000) and have earned no less than 300,000 RMB ( US$48,000) in annual average income for the last three years. The company has developed an internal system to assess potential investors.

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Tracey Xiang

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