china blockchain investment
Blockchain Investment In China Has Dropped Over 40% In 2019
January 21, 2020
china blockchain investment
Blockchain Investment In China Has Dropped Over 40% In 2019
January 21, 2020

Blockchain spending in China in the areas of investment and financing deals has dropped over 40% in 2019.

According to a joint study by China’s government-run financial information and media firm Xinhua and financial data platform Rhino Data, the total amount spent in blockchain investment deals has accounted for 24.4 billion Chinese yuan ($3.6 billion).

Over the year 2019, China had a total of 245 investment and financing deals which is roughly 60% less than in the preceding year.

Officially released by Xinhua Finance on Jan. 15, the study says that that figure dropped 40.8% in 2019 compared to 2018. The report notes that both the value and number of deals have significantly increased since 2017.

China’s blockchain investment spending from 2014 to 2019. Source: Xinhua

As such, the year 2018 remains the peak in terms of blockchain investment spending for China so far, with over 600 deals taking place across the year, while 2017 accounted for just 168 deals, according to the data.

As part of the study, Xinhua found that early-stage investments like Series A funding rounds accounted for 43.3% in 2019, while the proportion of strategic investment and mergers and acquisitions in the second half of 2019 increased significantly. Additionally, 292 institutions have totally participated in those investments, with Beijing, Shenzhen, and Hangzhou attracting the biggest blockchain projects.

ALSO READ :  Japan’s JCB Partners With TECHFUND To Build Sustainable Blockchain-Based Transaction System

Source: Cointelegraph


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.