Global fintech investment grew rapidly in 2014 and reached its peak in 2015. In 2015, the number of investments in the Global Finance Section reached 1255. In terms of global investment distribution, Europe has the highest investment volume, reaching $26 billion. Asia ranked the second with $16.8 billion.
✦ China's online consumer financial market is developing rapidly.
In recent years, with the advancement of mobile Internet and big data technology, Internet consumer finance is strongly competing with traditional finance and growing rapidly, especially in China. According to iiMedia Research, the annual composite growth rate of China’s consumer financial market is estimated to be 82.8%. The market size in 2018 is 192.17 billion yuan, and it is expected to break through the 300-billion-yuan barrier in 2019.
✦ China Fintech Corporation Welcomes the Boom of Listing.
From November 2017 to 2018, China's fintech companies are facing the second upsurge of listing in five years. According to statistics, as of December 2018, there were 13 companies listed in overseas securities markets in the past year, including PPDai, Yixin Group, 51 credit cards, 360 finance and so on. The initial public offering raised nearly $2.5 billion. Among them, the IPO size of Yixin Group amounted to $860 million.
✦ ANT FINANICIAL: Six Business Systems to Build Core Competitiveness.
ANT FINANICIAL, an affiliate company of Alibaba, operates Alipay, the world’s largest mobile and online payments platform as well as Yu’e Bao, the world’s largest money-market fund. The six business systems of ANT FINANICIAL, its core competitiveness, is online payment, financial management, credit, credit services, technology and global distribution.
In June 2018, ANT FINANICIAL announced the completion of a new round of $14 billion financing. With the current valuation of US$150 billion, ANT FINANICIAL is now the world’s most valuable fintech unicorn company.
Despite of high awareness and enormous target clients brought by Alibaba and Taobao, Alipay faces fierce competition from WeChat Pay, another popular digital wallet service incorporated into WeChat. At the current stage, Alipay is putting effort in fostering foreign emerging markets and facilitating local digital transformation, which help to expand the development prospects of ANT FINANICIAL, as well as facilitate Alibaba's power to build global business.
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Data Sources:
·iiMedia Research, Tencent Technologies
