3 FinTech giants making waves in the Chinese market

May 20, 2021 FinTech companies in China serve as a support layer in the financial service industry by making use of new technologies, such as AI, blockchain, cloud computing, big data (ABCD), and Internet of Things (IoT). Over the past few years, China has been a frontrunner in the FinTech industry. The FinTech boom in the country has been largely driven by the absence of strong traditional banking services, unfulfilled financial needs of ordinary people and small and micro enterprises, and the huge number of Chinese citizens who use the internet. Moreover, Chinese consumers have readily adopted FinTech facilities such…