http://www.coindesk.com/bitcoin-crowdfunding-in-china-is-catching-on/Bitcoin crowdfunding in China
What is most remarkable about this forum, however, is its fundraising process.
On 16th November, Wu posted a proposal to raise 85 BTC in a WeChat group called 'Aisi Shuzi Huobi' (爱思数字货币 or 'love thinking digital currency'). Anyone who sent a bitcoin to a designated address would own 1/100 of the site, which had already already been online for two weeks by that point. Wu personally owns 15 shares and is responsible for the website’s day-to-day maintenance.
Within hours, the fundraising target was reached.
This is just one example of the newly-emerging Chinese bitcoin crowdfunding scene. A quick scan on the Internet reveals about a dozen such projects over the past year – with most taking place in the mining sector.