Chinese blockchain spending in investment and financing deals has dropped over 40% in 2019, according to a new study by Chinese government sources.
Over the course of 2019, #China totally had 245 investment and financing deals, which is nearly 60% less than in the preceding year. Chinese blockchain investment spending has seen the biggest numbers in 2018
According to a joint study by China‘s #Xinhua and financial data platform Rhino Data, the total amount spent in blockchain investment deals has accounted for 24.4 billion Chinese #yuan (€3.2 billion). Officially released by Xinhua Finance on Jan. 15, the study says that that figure dropped 40.8% in 2019 compared to 2018.
However, both the value and number of deals have significantly increased since 2017, the report notes. As such, the year of 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.
1/ early-stage investments makes 43.3% in 2019
2/ strategic investment increased significantly
3/ Beijing, Shenzhen and Hangzhou – Alibaba Group headquarters – attracting the biggest blockchain