Investment deals for Internet finance up 64% --China Economic Net

Trade & Investment

Investment deals for Internet finance up 64%

Last Updated: 2014-02-27 15:38 | chinadaily.com.cn

Ninety 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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