Fintech: how China is taking the lead

Investors pinned their hopes on China’s growing fintech companies: here’s how and why.

Fintech: how China is taking the lead

Investment in Asian fintech start-ups is set to hit a new record in the second quarter of 2016 according to FinanceAsia estimates, driven by the $4.5 billion raised by Alibaba-backed Ant Financial, which closed the world’s biggest private placement of shares for any internet start-up to date.

Investors poured money into China’s fintech companies, in part due to the continuing rapid growth in online retail sales even as the overall economy slowed....

To continue reading, please login or register for free

Click for more on: china | fintech | alibaba | ant financial

Print Edition

FinanceAsia Print Edition