Global fintech investments nosedive as Chinese fundraising falls sharply, report says

//Global fintech investments nosedive as Chinese fundraising falls sharply, report says

Global fintech investments nosedive as Chinese fundraising falls sharply, report says

Global investments in fintech firms tumbled 29 per cent in the first half of the year as deal activity in China fell sharply amid an escalating trade war between Washington and Beijing, according to a new report by the consulting firm Accenture.The value of financial technology deals worldwide in the six months ended June 30 declined to US$22 billion, compared with US$31.2 billion in the same period a year earlier. The number of deals globally, in contrast, increased 2 per cent to 1,561 in the…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-08-15T05:54:37+00:00 August 15th, 2019|Business|Comments Off on Global fintech investments nosedive as Chinese fundraising falls sharply, report says