What does crowdfunding mean? Is crowdfunding a private placement?

Crowdfunding refers to financiers raising small amounts of money from the public through the Internet.

The main types are: donation, return and investment. The water drops you see are donated, and crowdfunding movies are rewarded.

As for investment crowdfunding, it can be divided into public crowdfunding and private crowdfunding according to different distribution methods.

Private placement, which you can understand as raising funds from a few people, generally requires investors to have certain risk identification ability.