Unlike the US and Europe where crowdfunding has grown into a massive industry that provides funding for a variety of “SPPICE” (Service, Product, Project, Investment, Cause and Experience), it is yet to gain a ton of traction in Asia. Indeed, despite prospects for future growth identified in China, with a market forecasted to be worth $50 billion in the next decade, its potentials still remain largely untapped. Factors ranging from absence of a sound legal system backing its activities, lack of innovative projects, cultural influences and information asymmetry have constrained its growth.