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Business Environment

Sub-index Value 

105.0

The business environment, measured by both internal and external factors on FinTech business operations and development, grew by a modest 5% in the same period, this is mainly due to the relatively lower average rating on external factors such as investment environment, government policy and regulations, which has cancelled off the positive effect of internal resources input by the companies in terms of funding and other capital allocations.

Other Results

The majority of them (84%) are startup businesses. Moreover, 11% of them are traditional bank/insurance companies. The remaining 5% of companies are Unicorns, which are startup companies with values of over 1 billion USD.