The China Project
Growth Stage
The Omni-Platform Covering China Without Fear or Favour
Overview
Raised: $995,688
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/02/2022
Close Date
11/01/2023
Min. Goal
$50,002
Max. Goal
$3,499,998
Min. Investment
$500
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.54
Pre-Money Valuation
$41,453,216
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,981
# of Investors
55
Momentum
Funded
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Year Founded
2015
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
SupChina, with a valuation of $41.5 million, is raising funds on Wefunder. It is a multimedia and business platform that helps the world understand China better by covering all the news about the country. The omni-platform covers China without fear or favor and lets the world know about its business, culture, politics, and society. SupChina reported a 55% year-over-year subscription revenue growth over the past three years, an 86% subscription renewal rate, and over 3 million monthly web, social, and video audiences. Anla Cheng founded SupChina in August 2015. The current crowdfunding campaign has a minimum target of $50,002 and a maximum target of $3.5 million. The campaign proceeds will be used for content, data and analytics, sales and marketing, technology and product development, and general admin expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,071,592 |
$1,078,197 |
|
COGS |
$0 |
$18,876 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,990,874 |
$-1,133,057 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$58,960 |
$609,675 |
|
Accounts Receivable |
$62,474 |
$7,364 |
|
Total Assets |
$457,075 |
$948,072 |
|
Short-Term Debt |
$2,087,354 |
$2,079,159 |
|
Long-Term Debt |
$0 |
$6,398,793 |
|
Total Liabilities |
$2,087,354 |
$8,477,952 |
Financials as of: 12/02/2022
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