The China Project

The China Project

Growth Stage

The Omni-Platform Covering China Without Fear or Favour

The Omni-Platform Covering China Without Fear or Favour

Overview

Raised this Round: Raised: $995,688

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/01/2022

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    Open SEC Filing

Price Per Share

$2.54

Pre-Money Valuation

$41,453,216

Year Founded

2015

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

New York, New York

Business Type

Growth

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: 12/01/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
The China Project 10/31/2023 Wefunder $41,453,216 $995,688 Equity - Common Funded RegCF
SupChina 04/29/2022 Dalmore Group $45,000,000 $1,466,814 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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The China Project on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Common
Valuation: $41,453,216
Price per Share: $2.54

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