China hogs APAC fintech funds in first half amid global decline, investor caution: KPMG

Quick Summary:

Fintech investment in China fell 17 per cent, in line with the global drop in the first half, as investors tread cautiously amid various uncertainties, according to KPMG report.

The value of investments in China dropped by a similar 17 per cent to US$624 million from January to June, compared with US$754.6 million in the second half of 2023.

Artificial intelligence will continue to draw fintech investment, according to KPMG.

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Article Details

Author / Journalist: Mark Gong

Category: Business

Markets: Hong KongChina

Topics: Cent According Million First Year Investments China Investment Finance Kpmg Fintech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 18:00:34 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 608 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21997991

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