China is currently the front-runner on the global crowdfunding market, even though this form of financing originated in the
USA. Crowdfunding in China, however, differs significantly from its counterpart in the West. This book reveals that Chinese
crowdfunding is a product of the country's dynamic internet sector, which is based on mobile internet, e-commerce, and online/mobile
payments, together with significant government support. The author presents a comprehensive theoretical, empirical and field-based
work on crowdfunding in China. Adopting a new institutional economics approach, it maps and deciphers the origins and paths
of informal finance that have led to internet finance and the rise of crowdfunding platforms. In addition, three case studies
are analyzed and their implications for crowdfunding stakeholders in China are discussed.