China, the unrivalled giant in e-commerce, added another crowning achievement when it emerged as a leader in the fintech world.
In 2015, fintech attracted a record US$20.3B spread across 1,191 investments. In the latest issue of “Money of the future,” a report by INSEAD and fintech fund Life.SREDA VC uncovered the latest trends in fintech, China was seen as a clear winner in a few key areas. Here are the five sectors in fintech that China seems to be leading the world in.
Alibaba, the owner of the South China Morning Post, had the largest IPO in history because the hugely popular retailer benefits almost any time someone in China spends money online. So now it’s trying to pump even more money into the Chinese online economy, through the introduction of more current financial systems.
