Kaistart, a crowdfunding platform dedicated to hospitality and restaurant industries, has just raised $29 million to foster its development.
Kaistart applies the crowdfunding principles to hospitality and restaurant businesses in China, enabling hotel, restaurant projects, among other tourism initiatives, to take off.
In the long run, will crowdfunding mean that one can start one's own hotel business without huge initial capital requirements? Some projects that have been developed in France, such as in Lormont (Bordeaux) and Toulon, call for a move in that direction.
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