China leapfrogs the West: world’s largest ecosystem

China eFinance has leapfrogged the West to become the world’s largest market, with about 500m ePayment users, 400m investors buying wealth-management products online and 160m online borrowers. The country’s ePayment volume could quadruple, while online financing and wealth management could triple by 2021. Chinese eFinance company valuations could total US$250-330bn, 20-25% …

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