Trends in China's increasingly successful tech sector to look out for in 2017 including a boom in fintech firms, lower valuations and global expansion of Chinese companies, according to KPMG. China is expected to bypass ageing Western technology in favour of new financial products such as apps. Meanwhile, company valuations are expected to see a slowdown in the coming year after hitting a high in 2015. However, Chinese firms spent more than $207bn in overseas mergers and acquisitions this year, a trend which is expected to continue into 2017.
Trends in China's increasingly successful tech sector to look out for in 2017 including a boom in fintech firms, lower valuations and global expansion of Chinese companies, according to Forbes. China is expected to bypass ageing Western technology in favour of new financial products such as apps. Meanwhile, company valuations are expected to see a slowdown in the coming year after hitting a high in 2015. However, Chinese firms spent more than $207bn in overseas mergers and acquisitions this year, a trend which is expected to continue into 2017.