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If you want to do crowdfunding on Taobao, what are the requirements?

The project sponsor should meet the following conditions at the same time:

1. If the sponsor is a natural person, he should be over 18 years old and a Chinese citizen, or be able to provide proof of long-term residence in China non-Chinese citizens; if the sponsor is a legal person, it should be a legal entity legally established and registered in China that can independently bear legal responsibilities;

2. Complete the registration of a Taobao account and have passed Alipay real-name authentication.

3. If the project that the sponsor applies to launch is a project of a public welfare nature, the sponsor should be a legally established public welfare organization or jointly launch the project with a legally established public welfare organization.

Benefits of Taobao Crowdfunding Platform:

Taobao Crowdfunding is mainly a platform focusing on product crowdfunding. One of the benefits of choosing Taobao Crowdfunding is that Taobao Crowdfunding is a free platform. The platform does not charge any commission for projects initiated by individuals or enterprises.

In addition, Taobao crowdfunding now supports more original ideas and projects initiated by the original entrepreneurial team, including some innovative products that the seller has not completed production and has not yet been put on the market. Taobao crowdfunding provides such a platform to share with consumers. If there is something consumers like, it can be put into production.

Secondly, for entrepreneurs, Taobao Crowdfunding has laid out a complete industrial chain for entrepreneurs. Taobao Crowdfunding will communicate with entrepreneurs during the product development and production stages;

After the official launch, the products can be steadily sold on Taobao, Tmall and Juhuasuan. Coupled with Taobao's tens of thousands of traffic every day, it can play a very good role in promoting entrepreneurs' projects.

Extended information:?

Translated from the foreign word crowdfunding, which is public financing or crowd financing, it is translated as "crowd financing" in Hong Kong and "crowd financing" in Taiwan. It consists of promoters, investors and platforms. Characterized by low threshold, diversity, relying on the power of the public, and focusing on creativity, it refers to a behavior of raising funds from the masses to support the initiating individual or organization.

Generally speaking, sponsors and proposers are connected through online platforms. Crowdfunding is used to support a variety of activities, including disaster recovery, private fundraising, election campaigns, entrepreneurial fundraising, artistic creation, free software, design and invention, scientific research, and public funds projects. The Massolution research report pointed out that the total global funds raised in 2013 reached US$5.1 billion, 90% of which was concentrated in the European and American markets. The World Bank report also predicts that the total amount will exceed US$96 billion in 2025, and Asia's share will grow significantly.

Reference material: Baidu Encyclopedia_Crowdfunding