[Global Network Technology reporter Wang Nan] Yesterday, some media outlets reported that JD.com had launched several celebrity projects involving a large number of brush orders, including the "Power Egg" small dome drone, which set a new record for domestic crowdfunding. Additionally, the media raised questions about whether JD Crowdfunding aims to create a "fund pool."
In the article, a single branch entity called "JD Crowdfunding Service Provider" took up a significant portion of the content. It stated that this service provider offered up to 36,000 single brush orders for the "PowerEgg Small Dome" project on JD Crowdfunding. According to data from the JD Crowdfunding official website, the "PowerEgg Arena" project has over 65,000 supporters. Based on this figure, it is estimated that the "PowerEgg Arena" project accounted for more than 50% of the total crowdfunding activity.
In October 2016, the PowerEgg Arena reached over RMB 100 million in funding on JD Crowdfunding, becoming the first crowdfunded product to exceed this amount. Public information indicates that the PowerEgg Little Dome UAV was developed by Beijing Judi Robot Co., Ltd. and was launched on JD in September 2016. Within just one month, the project surpassed RMB 100 million, achieving a 1011% funding rate. Media reports about the PowerEgg Arena had already surfaced as early as October 2016.
According to public records, JD Crowdfunding has been operational since November 11, 2014. To date, more than 9,600 online projects have been launched, with a cumulative crowdfunding scale exceeding RMB 5 billion. This means that the single brush service provider mentioned in the article accounts for more than 10% of all JD Crowdfunding projects.
In response, JD Crowdfunding addressed reporters from Global Network Technology. They stated that JD Crowdfunding has always maintained a zero-tolerance policy toward brush orders, employing multiple technical measures and risk control strategies to combat such activities and promote the healthy development of the crowdfunding industry. For any project sponsors found engaging in brushing behavior, the platform will take serious actions, including terminating their cooperation.
The claim of "1,000 project bills" mentioned in certain media reports was internally verified by JD Finance, and it was confirmed to be entirely false.
Additionally, the article mentioned that a company named "Fast Wheel Technology" had several products listed on JD Crowdfunding between 2014 and 2016, and that the "JD Crowdfunding Service Provider" was also associated with Fast Wheel Technology, providing brush orders for its crowdfunding projects.
On March 31, 2015, Fast Wheel Technology successfully launched the JD Equity Crowdfunding Platform, which not only raised funds for products but also for equity. JD Crowdfunding’s official data shows that Fast Wheel Technology completed a pre-A round of equity crowdfunding financing totaling 3.01 million yuan and successfully raised capital through equity crowdfunding.
It is worth noting that some media outlets claimed that JD Finance led the pre-A round of equity crowdfunding for Fast Wheel Technology, with an investment of 1.06 million yuan. However, JD Finance clarified to Global Network reporters that statements like “JD Finance fell into a single company whirlpool†were seriously inconsistent with the facts. There was no such thing as JD Finance leading the pre-A round of equity crowdfunding for Fast Wheel Technology, nor was the investment amount accurate. It was confirmed that during the time when Fast Wheel Technology participated in JD Equity Crowdfunding, JD Finance was not the lead investor, and the investment amount was misrepresented.
Recently, Professor Liao Li, Executive Dean of the Wudaokou School of Finance at Tsinghua University, publicly expressed concerns about the current state of China's crowdfunding platforms, stating that some large-scale crowdfunding platforms are now experiencing stagnation. He pointed out that domestic crowdfunding has encountered bottlenecks in its development, and the overall trend has slowed down.
However, some insiders suggest that JD’s focus on crowdfunding may involve creating a large number of "fund pools" intended for accumulation. In response, JD Finance told Global Online reporters that the statement was based on a misunderstanding of the crowdfunding model and that the term "fund pool" was misleading. As part of the crowdfunding process, the platform charges around 3% of the raised funds as a technology service fee. If the project is successfully funded, JD Crowdfunding deducts 3% of the total amount raised, with 70% going to the sponsor and 30% held as a deposit. Once all supporters are rewarded and there are no disputes, the remaining 30% is transferred to the sponsor.
As of now, JD Crowdfunding’s official data shows that the total amount raised through the platform has exceeded RMB 5.1 billion.
In response, the Global Network reporter asked JD Finance about the practice of disbursing funds in installments to project sponsors. The company stated that the installment plan aligns with industry practices, encouraging project sponsors to fulfill their obligations promptly. It emphasized that there is no such thing as a "fund pool," and that the platform is committed to protecting the rights of backers. JD expressed dissatisfaction with the unrealistic report published on a website and sent a legal notice to the media, vowing to pursue legal action to protect its legitimate interests.
"The country's financial security is mainly protected from two aspects: one involves a large number of people, and the other involves a large amount of money. If the JD Crowdfunding platform has serious brushing behavior, consumers could face situations where they cannot be honored. This could trigger regional systemic financial risks and large-scale mass incidents," a lawyer told Global Network reporters.
If the creation of a crowdfunding project leads only to temporary success, then behind the numbers, it also reflects how companies can exploit rules and regulations to avoid oversight. In the context of growing financing needs and the rapid development of internet finance, it is crucial for crowdfunding platforms to avoid setting up fake projects or establishing "fund pools." This is the most important aspect of maintaining trust and integrity in the industry.
Alumina Ceramic Discs,Alumina Ceramic Plate,Coffee Machine Ceramic Discs,Al2O3 Ceramic Core
Yixing Guangming Special Ceramics Co.,Ltd , https://www.yxgmtc.com