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Innovation permeates the financial sector by means of collaborative finance. Crowdfunding, as an activity based on peer-to-peer lending through a platform, is an innovative way to finance start-ups. A better understanding is needed of the motivational factors of backers to participate in crowdfunding campaigns. This study used the empirical data to investigate this issue, paying attention to the participation in four platform types (reward-based, lending-based, equity-based, and donation-based crowdfunding). Results indicate that the extrinsic and intrinsic motivators are constructs that drive actual behaviors. Extrinsic motivators are the prevalent driver of participants in crowdfunding, regardless of which platform type is used.

Digital Platforms have profoundly changed many sectors and shaped the concept of the platform economy. While they have been a part of the consumer goods sector for several decades, their development and rise in the manufacturing industry seems to be just beginning. A number of different digital platforms now exist specifically for product manufacturers, such as digital marketplaces for industrial goods, manufacturing as a service, platforms for product development, or platforms addressing digital production and digital product-service offers via the Industrial Internet of Things. Due to this high diversity, this paper aims to deliver a holistic concept that systematises digital platforms in manufacturing using a morphological box. We distinguish and subsequently embed three different main types in an overall development. The results provide insights into the platformisation trend of manufacturing, which not only holds implications for future research, but also serve as a basis for strategic decisions in manufacturing firms.

During the spring of 2021, the Chinese government profoundly changed its relationship with large digital platforms; the government had decided to strengthen their supervision, fight against monopolies, and promote fair competition. Until then, technology giants such as Alibaba, Tencent, Baidu, and JD.Com dominated a fast-growing market, especially in China, where Fintech represented a very important part of the retail market among middle-class consumers. Various political and economic reasons can be provided for this choice. This paper showcases the economic power of the two-sided markets approach of these platforms today and describes the late but violent reaction of the Chinese government, worried about its economic and monetary sovereignty.

Digital platform is an important infrastructure on which the development of the platform economy depends. The identity evolution of the platform has gone through three processes: the “perfect store”, the platform business model, and the platform ecosystem. This evolution process shows that technology logic and capital logic are constantly infiltrating into the underlying logic of the platform economy, which is fundamentally not conducive to the healthy development of the platform economy. Therefore, the healthy development of the platform economy must start from the perspective of data governance and algorithm governance. Data governance requires a clear definition of the rights and responsibilities of data participants in the value production process. Algorithm governance requires reconfirmation of the inherent principles and values of algorithm design.