China bucks global trend with record high fintech investment in 2016, KPMG analysis finds (KPMG International Cooperative)
(WorldNews Netherlands)

(Source: KPMG International Cooperative) Investment in venture capital (VC)-backed Chinese fintech companies hit a record high in 2016, bucking the global trend, finds KPMG`s latest report. Investment activities in VC-backed fintech Chinese companies declined to 25 deals in 2016 from 40 deals a year ago, however, deal values increased 42.6 percent year to on year to hit a record high of USD6.7 billion, according to Pulse of Fintech, KPMG`s quarterly analysis of global investment trends in VC-backed...