Dragon Victory International Limited, through Hangzhou Long Yun Network Technology Co., Ltd. (âHangzhou Longyunâ) which we control via contractual arrangements, offers reward-based crowdfunding opportunities in China to entrepreneurs and funding sources through a fast growing reward-based crowdfunding platform. We also provide quality business incubation services and financial services to entrepreneurs and business entities utilizing our crowdfunding platform.
Our operating entity, Hangzhou Longyun launched the online reward-based crowdfunding platform, 5etou, at www.5etou.cn in April 2015. Our platform is based in China, and our contributors, entrepreneurs and projects are all located in China. Our platform is designed to enable small and medium sized companies, start-up companies and idea generators to raise funding from participants through the Internet. Our reward-based only platform focuses on projects for all industries, with an emphasis on design, business, technology, media and entertainment. Projects and/or entrepreneurs involved in product development, service provision, films and entertainment projects in production, and other projects in exchange for rewards, such as the goods, products and services.
In addition to the operation of our platform, we offer business incubation services to the projects utilizing our platform for fundraising, including business and operation advisory services relating to marketing, sales, and strategic planning, and guidance and general resources in ancillary services such as human resources, legal, accounting, assisting with feasibility studies and other types of services that projects may need.
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