www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

chinadaily.com.cn
left corner left corner
China Daily Website

Startup media company launches controversy

Updated: 2013-02-06 00:56
By WU YIYAO in Shanghai ( China Daily)

An online fundraising attempt by a Chinese media startup company has triggered widespread controversies over possible violation of Chinese securities laws.

The company, Make.V, raised about 12 million yuan ($1.9 million) from 1,191 purchasers who bought membership cards between Jan 9 and Feb 3 on Taobao, one of China's largest e-commerce platforms.

On Tuesday, the website urged Make.V to stop selling the membership card because it violated national laws and regulations, according to Zhao Nige from Taobao's public relations department.

Zhao did not say what regulations the product violated.

Zhang Weiguang, a Shanghai-based lawyer who specializes in securities law, said Make.V risked committing illegal fundraising given that it collected money from the public and the number of subscribers surpassed 50.

Zhu Jiang, chief executive officer of Make.V, said he came up with the idea to raise money from the online platform after half a year of efforts seeking investors across the country turned out to be "a wild goose chase", and the startup team could not afford to wait.

"We are actually selling a service pack, and the money collected will help the company operate properly before we earn our first revenue," said Zhu.

According to the contract sent to members along with membership cards, anyone could subscribe to 100 shares of Make.V by buying a 120-yuan ($19.30) membership card.

Members with a subscription can have access to e-magazines and some video programs.

The shares affiliated to the membership card as complimentary can be traded among members, and some members had already sold their shares to other members by Tuesday.

Zhu said the company planned to sell shares on Taobao at 1.2 yuan per share, but later switched to membership cards upon a lawyer's suggestion as Taobao does not recognize private equities as a product that can be traded on the platform.

"The pattern of raising money is similar to crowd-funding, which is popular among startups in many other countries including the United States, and which encourages people with the same interests to put money together to achieve a goal," said Zhu.

The membership contract does not specify high returns or interest to members, said Zhu.

"Sales of membership cards were not public offerings, because so far we have only five shareholders as all the money collected from membership card sales is now under the management of one shareholder," said Zhu.

No further online sales of membership cards will be launched, as a company in Zhejiang has offered 140,000 yuan to buy some 120,000 shares.

"The money will be enough to sustain operations because we are expecting our first business revenue soon," said Zhu.

A source with a Hangzhou-based private venture said he supports Zhu's experiment with raising funds from online platforms.

"The funding environment for startups in China is harsh ― we are dealing with serious money from investors, so it really takes time and effort to decide whether we invest in a project," the source said.

For crowd-funding projects, each shareholder, or members in Zhu's case, bears less risk due to the small sum invested compared to that of private ventures, and if Zhu and his team give transparent financial information to members and eventually bring back capital and even a yield to members, the model can be considered a win-win situation.

"I hope Zhu's action may push forward the development of a legal system regulating crowd-funding, a nice model for startups in China," the source said.

He Wei contributed to the story.

 
8.03K
 
...
主站蜘蛛池模板: 欧美精品在欧美一区二区 | 男人扒开腿躁女人j | 欧美一级视频在线高清观看 | 国产三级借妻 | 真人毛片 | 国产亚洲区 | 国产成人亚洲合集青青草原精品 | 精品视频一区二区三区四区 | 91欧美精品| 宅男69免费永久网站 | 高清日本在线成人免费视频 | 在线免费视频 | 国产在线观看高清不卡 | 一级视频在线 | 国产成人高清一区二区私人 | 欧美巨大精品欧美一区二区 | 男女乱配视频免费观看 | 国产精品一久久香蕉国产线看 | 日韩成人毛片高清视频免费看 | 亚洲成av人影片在线观看 | 国产自产自拍 | 国产成人综合手机在线播放 | 国产综合久久 | 99久久香蕉国产线看观香 | 欧美精品做人一级爱免费 | 免费观看性欧美一级 | 男女男精品视频在线播放 | 国产高清第一页 | 欧美精品久久久久久久影视 | 欧美综合自拍亚洲综合百度 | 在线国产毛片 | 黄色在线视屏 | 国产美女高清一级a毛片 | 最新国产三级久久 | 欧美xxx国产xxx | 三级高清 | 自怕偷自怕亚洲精品 | 日韩一区二区久久久久久 | 一本大道香蕉大vr在线吗视频 | 免费一级特黄特色黄大任片 | 久久网站免费 |