Global fintech investment up 10 %
Attendants visit the Oppo smartphones stand
Tokyo - Arab Today
Global investment in financial technology venture firms grew 10 percent last year to $23.2 billion, consultancy firm Accenture said on Tuesday, fueled by huge investor appetite in China and Japan.
Fintech investment in China more than tripled to $10 billion from 55 deals last year, representing 90 percent of fintech ventures in the Asia-Pacific region.
Japan also saw a large spike with fintech ventures totaling $154 million from 14 deals in 2016, more than double the previous year’s $65 million, said Accenture, whose analysis was based on data from CB Insights.
Fintech ventures typically leverage technology, such as cloud data storage or smartphones, to provide cheap and easy-to-access services from loans and insurance to payment services and crowdfunding.
Investment in Chinese fintech ventures was buoyed by blockbuster deals such as a $4.5 billion fundraising round at Ant Financial Services Group, an affiliate of e-commerce giant Alibaba Group Holding Ltd.
China’s second-largest e-commerce company JD.com Inc. also raised $1 billion for a consumer finance subsidiary, Accenture said.
Source: Arab News
- Thursday ,13 December GMT 22:53 2018 Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar Properties
- Thursday ,06 December GMT 13:41 2018 Tyre maker Continental opens lab to extract rubber from dandelions
- Friday ,30 November GMT 15:22 2018 Paper industry around famous Chinese lake to be shut down by 2019
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:22 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 14:17 2018 Thursday ,25 October
BP eyes entering several new Rosneft projectsGMT 12:08 2018 Saturday ,20 October
OPEC participants performed Vienna Agreement by 111%GMT 16:14 2018 Saturday ,06 October
Saudi Aramco IPO to go ahead by early 2021GMT 19:01 2018 Thursday ,04 October
LEAD S. Korean firms offer aid for quake-hit Indonesia
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 22:18 2017 Saturday ,22 April
Bahraini Premier Meets Omani Foreign Ministry Secretary General
GMT 08:29 2018 Sunday ,21 January
Hot air? Study finds bikram no healthier than other yoga
GMT 21:56 2017 Wednesday ,28 June
Oil pulls back on preliminary data showing surprise jump in US stockpiles
GMT 02:06 2017 Wednesday ,25 October
May22/Jun21
GMT 09:30 2018 Monday ,22 January
China's waste import ban upends global recycling industry
GMT 14:42 2018 Sunday ,21 January
Tueni to Radio Lebanon: Lebanon's strength lies in its army
GMT 09:55 2017 Saturday ,30 December
rugby centre Fofana suffers new injury blow
GMT 08:56 2015 Sunday ,04 October
Nickel crisis rocks French islands in Pacific
GMT 02:14 2017 Wednesday ,22 February
Abu Dhabi's IGG, Estonia's Milrem to develop, arm military unmanned ground vehicles
GMT 02:15 2016 Friday ,30 December
Giza governorate tightens security measures around churches ahead of Christmas
GMT 01:34 2017 Wednesday ,18 October
Cameron makes case for Britain to join Syria air strikes
GMT 23:10 2016 Sunday ,13 November
Cleveland Clinic Abu Dhabi achieves top score for patient safety and quality of care in international accreditation
GMT 14:45 2017 Monday ,06 March
Ed Sheeran obliterates Spotify records with new album
GMT 07:48 2017 Tuesday ,21 November
Hamas rejects Arab League labelling Hezbollah 'terrorists'
GMT 12:30 2016 Friday ,23 December
European stocks stable before Christmas, banks in focus
GMT 15:59 2017 Tuesday ,04 April
Slovakia must be part of European core
GMT 01:48 2017 Saturday ,02 September
RI`s forest cutting moratorium begins gaining int`l acclaim
GMT 09:37 2017 Wednesday ,01 November
Assad’s departure is not condition for the political process
GMT 17:01 2017 Friday ,30 June
Southeast Asian Muslim Forum expected to boost Australia`s multiculturalism
GMT 01:44 2017 Thursday ,03 August
Qatar celebrates World Arabic Language Day 2016
GMT 02:01 2017 Sunday ,08 October
June22nd-July23rd
GMT 14:10 2017 Saturday ,28 January
Unconventional Dining Room Designs for Your Modern Home
GMT 21:16 2018 Thursday ,13 December
Egypt, Algeria sign MoU to increase trade exchange
GMT 14:31 2018 Friday ,16 November
Syria’s Kalziyeh qualifies for FINA world swimming championship in China
GMT 17:07 2018 Wednesday ,17 October
Iranian women attend football match for the first time in nearly 40 years
GMT 14:37 2018 Tuesday ,02 October
Kim Jong-un confirms willingness to denuclearization in message to Trump
GMT 17:55 2016 Monday ,07 March
Israeli Forces Shoot Palestinian near Gaza Borderline
GMT 05:31 2015 Sunday ,02 August
Tiger falters as Merritt, Chappell share PGA lead
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor