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Asia Weekly: Crowdfunding: How it works
Platforms help creators raise funds while giving small investors a wide range of opportunities
Crowdfunding uses the power of large groups to generate capital for specific projects. The range of projects is limited only to the imagination of those who create them and the policies of the platforms that facilitate them.
Although still in its infancy, crowdfunding makes it possible for people with ideas to reach out to the world and attract funding.
By 2025, says the World Bank, crowdfunding could generate as much as $96 billion in capital. More than half of that, about $50 billion, could come from China alone.