India tops China in fintech funding for Q1

VC-backed deals in China hit a five-quarter low amid P2P clampdown

20190524 PAY TM

India enjoyed an uptick in venture capital-backed fintech funding in the first three months of this year.  © Reuters

JADA NAGUMO, Nikkei staff writer

TOKYO -- India surpassed China as Asia's top market for venture capital-backed fintech funding amid Beijing's clampdown on peer-to-peer lending.

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