The venture capital and private equity investment into fintech companies in China amounted to $2.5bn across 32 deals in the first half of 2019, down from the $16.3bn across 77 deals seen in the first half of 2018.

According to the Pulse of Fintech H1 2019, published by KPMG, the lack of megadeals in the country was the main driver of the decline, which affected t