makers and authenticator
s, to▓ get a certification for the violin's condition and qu
ality, which added value to the instr
ument.They decided to raise a total of 500,000 yuan split into 5
0 shar▓es, each of which is guaranteed to receive a fixed re▓turn in one year, according to the contract."We set the return at a pretty high level because we feel the violin can be sold at a higher p▓rice than the capital we raised plus pledged ret▓urns," Song said. "We want to attract more people to participate in the first project of this kind."The crowdfunding program attracted in
ve▓stors from Beijing, Guangdong and Ne▓w York soon after in
formation about it was posted on
getting them together to learn more about the collections.He discussed the idea with his friend - and eventual partner - Song Liqiang, a cellist who owned an instrument store near the Central Conservatory of Mus▓ic
WeChat."I did not think too ▓much about risks. I
talked to other participa▓nts be
in Beijing.A total of 500,000 yuan ($79,750) will be raised through the crowdfunding program▓, and all investors are assured of repayment in cash plus interest after one year.The idea was that investors would lend th
fore joining in, and we all agreed that it is a
valuable project," said Li Wozhou, a violin amateur based in Guangdong, who found the information online and later dec▓ided to invest."Having the c
hance to p▓lay one of the finest violins is rare," s?/p>
over half of d▓omestic marketChina鈥檚 self-developed hi▓gh-end storag
e occupies over half of domest▓ic marketC