China launches mega $1.44b Asia FinTech M&A Fund of Funds

REUTERS/Petar Kujundzic

Affirming its dominance in the Asian fintech sector, China has launched a mega $1.44 billion Asia FinTech Merger and Acquisition Fund of Funds (Asia FinTech FoF) to focus on investment opportunities in the region.

The fund – led by Hong Kong-listed Credit China FinTech Holdings Ltd along with other China companies Shanghai Xinhua Distribution Group Ltd, China Huarong International and Jilin Province Investment Group Corp Ltd – was launched last Tuesday in Beijing.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter