Market size of fintech market in China 2016-2022
In 2019, China's fintech industry had a market value of over 375 billion yuan. According to the forecasts, the market size was projected to reach 542 billion yuan by 2022. In many ways, China is the vanguard of the global fintech industry, with tech giants, such as Alibaba and Tencent, bringing digital financial services to over one billion consumers.