China fintech is over: analyst report

J Capital Research argues China’s P2P lending, payments and fintech players’ e-commerce parents face mass closures in 2016.
Payments are losing profitability in China
Payments are losing profitability in China

And they thought they were just getting started: fintech companies in China are going to suffer mass consolidation in 2016 as the state sector takes over what has been a private-sector trend, according to J Capital Research.

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