/C O R R E C T I O N -- Qingsongchou/

/C O R R E C T I O N -- Qingsongchou/

In the news release, Spot Light of NHK - Chinese Crowdfunding Platform Qingsongchou Has Raised JPY 33 Billion, issued 28-Mar-2018 by Qingsongchou over PR Newswire, we are advised by the company that the [headline] should read "[Spot Light of NHK - Chinese Crowdfunding Platform Qingsongchou Has Raised JPY 330 Billion]" rather than "[Spot Light of NHK - Chinese Crowdfunding Platform Qingsongchou Has Raised JPY 33 Billion]", and [the second paragraph] [the 4th] sentence should read "[Raised by 460 million Supports, more than JPY 330 billion had been efficiently collected and properly used to help 1.6 million families meet their financial obligations.]" rather than "[Raised by 460 million Supports, more than JPY 33 billion had been efficiently collected and properly used to help 1.6 million families meet their financial obligations.]", as originally issued inadvertently. The complete, corrected release follows:

Spot Light of NHK - Chinese Crowdfunding Platform Qingsongchou Has Raised JPY 330 Billion

BEIJING, March 28, 2018 /PRNewswire/ -- NHK BS1 recently reported the trend of medical-cause crowdfunding in China, which has become a popular choice among local young and middle-age people. Qingsongchou, the largest crowdfunding platform in China, accepted an exclusive interview with NHK Shanghai and discussed the incredible development of the local crowdfunding industry.

In China, the penetration of smart phones is over 98% in urban areas. The rapid growth of mobile payment significantly shortens the process of payment and stimulates the development of online crowdfunding services. Qingsongchou is the largest local crowdfunding platform, with more than 201 million registered users coming from 183 countries. Raised by 460 million Supports, more than JPY 330 billion had been efficiently collected and properly used to help 1.6 million families meet their financial obligations.

In July 2017, Qingsongchou introduced Blockchain and Big Data to its business. By implementing these emerging technologies, Qingsongchou intended to increase the transparency of crowdfunding, build up an open platform, and raise people's awareness of philanthropic.

Aside from crowdfunding, Qingsongchou also offers advanced healthcare services like "mutual assistance" and "e-surance." In the age of the internet, Qingsongchou is now making an effort to improve the future healthcare of China.

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