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....

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