KPMG reports that fintech investment in Asia was $3.85bn in 2017, a significant drop from the more than $10bn invested in 2016; China was the biggest reason for the drop as the country saw only $1.3bn of investment in 2017; “Increasing government controls and regulations over fintech in China have kept many investors on the bench during 2017,” the report explained; one optimistic data point was corporate investment jumped in Q4 to 31 percent of overall deals. Source.
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Initial coin offerings (ICOs) raised $550 million in June, surpassing the angel and early stage venture capital fundraising for internet businesses globally; several factors could potentially slow the fundraising trend including security issues and a report from the Securities and Exchange Commission; despite some new challenges, ICO fundraising data shows the offerings also ahead of angel and early stage funding in July. Source