{"id":4341,"date":"2017-03-21T12:17:10","date_gmt":"2017-03-21T12:17:10","guid":{"rendered":"https:\/\/insights.invyo.io\/europe\/?p=4341"},"modified":"2019-07-30T14:00:55","modified_gmt":"2019-07-30T14:00:55","slug":"from-china-with-love","status":"publish","type":"post","link":"https:\/\/insights.invyo.io\/europe\/analyses\/from-china-with-love\/","title":{"rendered":"From China with Love…"},"content":{"rendered":"

What could be the impact on Fintech if the Chinese government decides to restrict\u00a0outbound investments coming from\u00a0Chinese investors?<\/strong><\/p>\n

The London-based neobank Tandem<\/a> is having difficult times following\u00a0House of Frasers’ decision to pull almost 83% of its initial investment<\/strong><\/a>, representing \u00a329 million<\/strong> out of the\u00a0\u00a335 million<\/strong>.<\/p>\n

In a statement, the Chinese group Sunpower which owns House of Fraser said that it has been forced by the Chinese government<\/a> to stop its investment in Tandem. While its not new\u00a0that the Chinese government\u00a0imposes restrictions for local firms involved in offshore deals, it shows the government’s strategy to strenghen\u00a0China’s leading position in\u00a0Fintech by supporting in-house companies.<\/p>\n

According to the consulting firm Accenture<\/strong>, “China and Hong Kong alone accounted for US$10.2 billion<\/strong>, or 91%<\/strong>, of Asia-Pacific\u2019s $11.2 billion<\/strong> in fintech investments in 2016″.<\/p>\n

Should the Global Fintech sector<\/strong> worry about\u00a0tighter decisions imposed by the Chinese government? What are the\u00a0existing deals<\/strong>\u00a0initiated by Chinese VC funds that could be impacted by such restrictions?<\/p>\n

It it interesting to remember the state of some key\u00a0Fintech operations made\u00a0by\u00a0Chinese investors\u00a0outside of China:<\/p>\n

Cocoon networks<\/h3>\n

Cocoon networks<\/strong> is a Chinese-backed VC fund set\u00a0to invest more than $700\u00a0million<\/strong> in UK and European tech start-ups with a main focus on Fintech<\/strong>.<\/p>\n

Credit China Fintech<\/h3>\n

Credit China Fintech<\/strong><\/a> is a Hong Kong-based\u00a0firm that launched an M&A fund with $1.44 billion<\/strong>\u00a0under management, along with state-owned and private companies. The fund invested $30 million<\/strong> last January in the San Francisco-based Bitcoin company\u00a0BitFury<\/strong><\/a>.<\/p>\n

Huiyin Blockchain Venture<\/h3>\n

HBV<\/strong> is a Shanghai-based VC fund specialized in Bitcoin and Blockchain that has been created by the\u00a0Chinese investment firm Huiyin Group, with $20 million<\/strong> under management. The fund invested in the San Francisco-based bitcoin company Ripio,<\/strong> the San Francisco-based Purse.io<\/strong><\/a>, the indian-based Unocoin<\/strong>, the Mexican-based Bitso<\/strong><\/a>, the US-based PopChest<\/strong><\/a>, the London-based SatoshiPay<\/a><\/strong>, the US-based Yours<\/a>\u00a0<\/strong>and the San Francisco-based Brave<\/strong><\/a>.<\/p>\n

Circle<\/h3>\n

Circle<\/strong><\/a> is a London-based payment company that closed a Serie D round last June from six\u00a0Chinese investors:\u00a0Baidu<\/strong>,\u00a0China Everbright Investment Management<\/strong>,\u00a0China International Capital Corporation Alpha<\/strong>,\u00a0CreditEase<\/a><\/strong>, IDG Capital Partners<\/strong><\/a> and\u00a0Fenbushi Capital<\/strong><\/a>.<\/p>\n

Fenbushi Capital<\/h3>\n

Fenbushi Capital<\/a>\u00a0<\/strong>is a Shanghai-based VC fund focused on building blockchain-enabled companies. The fund invested in the US-based Factom<\/strong><\/a>, the London-based Everledger<\/strong><\/a>, the US-based Zcash<\/strong><\/a>, the US-based Abra<\/strong><\/a>, the London-based Circle<\/strong><\/a>, the US-based Tierion<\/strong><\/a>, the US-based Gem<\/a>\u00a0<\/strong>and the US-based Symbiont<\/strong><\/a>.<\/p>\n

IDG Capital Partners<\/h3>\n

IDG Capital Partners<\/a>\u00a0<\/strong>is a Beijing-based VC fund that has invested in many tech start-ups in China and abroad. More specifically, the fund invested in the London-based Circle<\/a><\/strong>\u00a0and the San Francisco-based Ripple<\/a><\/strong>.<\/p>\n

CreditEase<\/h3>\n

CreditEase<\/strong><\/a>\u00a0is a Beijing-based VC fund that has $1 Billion under management. The fund is invested in London-based\u00a0Circle<\/a><\/strong>, the US-based Trumid<\/strong><\/a>, the US-based WorldCover<\/strong><\/a>\u00a0and the US-based Tradeshift<\/a>.<\/strong><\/p>\n

\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

What could be the impact on Fintech if the Chinese government decides to restrict\u00a0outbound investments coming from\u00a0Chinese investors? The London-based neobank Tandem is having difficult times following\u00a0House of Frasers’ decision to pull almost 83% of its initial investment, representing \u00a329 million out of the\u00a0\u00a335 million. In a statement, the Chinese group Sunpower which owns House […]<\/p>\n","protected":false},"author":2,"featured_media":4345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[551],"tags":[],"yoast_head":"\nFrom China with Love... - INVYO Insights Europe : Media Fintech<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insights.invyo.io\/europe\/analyses\/from-china-with-love\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"From China with Love... - INVYO Insights Europe : Media Fintech\" \/>\n<meta property=\"og:description\" content=\"What could be the impact on Fintech if the Chinese government decides to restrict\u00a0outbound investments coming from\u00a0Chinese investors? The London-based neobank Tandem is having difficult times following\u00a0House of Frasers’ decision to pull almost 83% of its initial investment, representing \u00a329 million out of the\u00a0\u00a335 million. 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