Fintech

The world’s second-most populous country is garnering traction in its online lending sector, though highly regulated.

In Hong Kong, these so-called ‘challenger banks’ are already a step ahead.

VC investment and interest has declined in the P2P space due to stricter norms and slow growth.

Alipay and WeChat Pay lure Chinese outbound tourists with favorable exchange rates and streamlined processes.

GoPay’s position as the leading mobile payment platform by downloads and MAU is unbeaten since the fourth quarter of 2017.

India recorded 23 fintech deals in the second quarter, compared to 15 in China.

Fintech and business services account for a quarter of the conglomerate’s revenue, while gaming still accounts for one-third.

Ant leads the investment into Xinlian Technology, a subsidiary of state-owned highway company SDHS.