The Unfortunate Tale of China’s FinTech Companies


Source: analyticsindiamag.com analyticsindiamag.com

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With the prolonged clampdowns on Chinese big tech companies, it is safe to say that the Chinese industry has entered a new tech age, especially fintech. One of the most dynamic FinTech markets globally, China’s FinTech investments had reached USD 25.5 billion in 2018, constituting half of the FinTech investments worldwide. But 2020 and 2021 have seen a critical turning point in this rich monopolistic history of fintech companies. The new laws and regulations prevent large firms from squeezing out the competition, harming the market and consumer rights. The top five ‘integrated financial services companies include Ant Group, Tencent, JD...