TOKYO -- India surpassed China as Asia's top market for venture capital-backed fintech funding amid Beijing's clampdown on peer-to-peer lending.
VC-backed deals in China hit a five-quarter low amid P2P clampdown

India enjoyed an uptick in venture capital-backed fintech funding in the first three months of this year. © Reuters
TOKYO -- India surpassed China as Asia's top market for venture capital-backed fintech funding amid Beijing's clampdown on peer-to-peer lending.