Investment in FINTECH companies, including working in blockchain solutions has grown globally in 2018, two times, amounting to more than $55 billion, a 46% percent of all transactions at the same time had in China, where this fast-growing sector was invested more than $25 billion. this is with reference to recent Accenture report says South China Morning Post.
So, last year’s largest investment deal in the sector was the raising of $14 billion, Ant Financial, the payment unit of Chinese Internet giant Alibaba. In addition to the blockchain solutions in the field of payments, other promising areas of activity Ant Financial include the Internet of things and artificial intelligence.
The second major investment transaction belongs to company Du Xiaoman Financial, which in April last year, was separated from the Chinese search engine Baidu, and then drew two rounds of $4.3 billion is Another biggest deal in the $1.3 billion was held with the participation of Lufax, China’s leading online platform for private wealth management.
In General in the past year alone China has concluded investment transactions 348 in the field of Finance. This is two times more than in 2017, when such transactions were 154, and the amount of financing amounted to only $2.8 billion.
Another leader in the number of investments in the FINTECH sector became Hong Kong – 19 compared to 15 in 2017. However, the amount of gross investment has declined by 66% to $188 million compared to $546 a year earlier.
We will remind, last year it also became known that in FINTECH startups started making investments, the holding company of Warren Buffett’s Berkshire Hathaway. In particular, approximately $600 million from the conglomerate received two focusing on emerging markets the Brazilian payment service StoneCo Ltd. and FINTECH-startup Paytm from India.
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