Investment deals for Internet finance up 64%
By Cai Xiao (chinadaily.com.cn) Updated: 2014-02-27 15:38Ninety investment deals involving 78 companies were made in the Chinese Internet finance sector in 2013, an increase of 64 percent year-on-year, according to the latest report from Zero2IPO Group.
Of those, about 40 companies received funds at the early stage of their development.
The sectors include peer-to-peer lending, third-party payment, financial IT services and virtual currency.
The number and value of deals in the third-party payment sector was the largest with 29 deals valued at $704.8 million.
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