China Takes Over the Fintech Sector

Move over America and make room for China. That’s the latest we are hearing about “fintech” or financial technlogy, as China has become the global investment leader in this area. This is according to Citigroup’s latest report. In the first ninth months of last year, China accounted for more than 50% of all fintech investments around the world. They also more than doubled their worldwide share of this investment category.

Researches are attributing this change to what they are calling “Chinese dragons.” This is a term for upstarts in Asia like Ant Financial, JD Finance, and others.

Learn much more about these changes and the factors involved in them.