Bitcoin Newsroom Articles
Ramping up its efforts to become a dominant Fintech hub in Asia, a 10 billion yuan (approx. $1.44 billion) fund was launched in Beijing, China, focusing mergers and acquisitions in the sector while seeking to nurture enterprises and startups in the industry.
Titled ‘Asia Fintech Merger and Acquisition Fund of Funds’, the fund was founded
by both state-
Established by Hong Kong-
Revealing the areas in which the fund will look to invest in, Credit China Fintech director Sheng Jia stated in quotes reported by China Daily:
Our investment will center on leading companies in the fields of big data, AI, cloud computing, mobile payment, supply chain financing and blockchain.
A managing partner at the fund further revealed that it was already engaging in a
number of projects. Specifically, the projects covered include blockchain infrastructure
Fintech Investments Swell
In the face of competition from the likes of Singapore and Japan, China is seeing soaring investment in the Fintech sector. The announce of the fund coincides with claims that state China is outperforming other Asian markets in its pace, scale and complexity of Fintech development.
Beijing is seeing significant investment in Fintech development.
The most recent Fintech-
The Chinese government’s much-