Cyrptocurrency products and funds posted inflows in the latest week, with investors undeterred by the latest price corrections, weekly data from digital asset manager CoinShares showed on Monday.
This was supposed to be Jack Ma's finest hour: a year ago to the day, his Ant Group was meant to go public in a $37 billion blaze of glory. Instead Beijing reined in his empire, abruptly clipping the wings of corporate China's biggest star.
The huge sums being invested in insurtech have yet to disrupt the insurance sector in the same way that fintechs have changed banking, Germany's BaFin markets watchdog said at the Reuters Future of Insurance Europe conference on Friday.
Ant Group-backed fintech firm Paytm said it has allocated shares worth 82.35 billion rupees ($1.11 billion) to more than 100 institutional investors, including the government of Singapore, ahead of what is expected to be India's largest stock market listing.
South Korean financial services app Kakao Pay Corp more than doubled in its trading debut on Wednesday, zooming ahead of the country's established finance companies in value, as investors were enticed by its growth prospects.