1、or does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. SUMMARY OF FINDINGS CHINA MEGA-ROUNDS DOMINATE ASIA FINTECH FUNDING IN Q116 Asian fintech funding rebounds from Q415 drop: Q116 funding to VC-backed fintech companies in Asia jumped to $2.6B
2、from $0.5B the quarter prior on the back of $1B+ mega- rounds to JD Finance and L. Asian fintech deals on pace to match 2015 high: At the current run rate, Asian fintech deal activity in Q116 puts deal activity on pace to match 2015s high of 144 deals. Asian fintech seed deal share rises as Series A
3、 falls: Seed-deal share to VC-backed fintech companies in Asia rose from 15% in Q415 to 39% in Q116. Series A activity took fewer than 1/5th of all fintech deals in Q116, a 5-quarter low. Corporates pursue fewer deals in Asian fintech in Q116: Corporate participation in Asian VC-backed fintech deals
4、 fell to 31% in Q116, a 5-quarter low. Still, corporate participation in Asia remained higher than in both Europe and North America and remained above 30% for the fifth straight quarter. EUROPE FINTECH: $348M ACROSS 47 DEALS TO VC-BACKED COMPANIES European fintech deals rise to 5-quarter high: Finte
5、ch deal activity in Europe rose 27% on a quarterly basis to hit a 5 quarter high in Q116. Seed deal share in Europe falls after rising for 3 straight quarters: Seed deal share in European fintech companies fell to 30% in Q116 after hitting 46% in Q415. Series A deal share rose for the second consecu
6、tive quarter to take over 1/5th of all European fintech deals in Q116. Funding to VC-backed UK fintech startups drops: After the collapse of former UK payments unicorn Powa, funding to VC- backed UK fintech companies fell 41% on a quarterly basis. Still, funding to VC-backed UK fintech startups outp
7、aced that of Germany. Corporates get more active in Europe fintech deals: Corporate participation in European fintech deals rose to 21% in Q116 from just 8% in Q415. No European fintech mega-rounds in Q116: While UK challenger bank Starling raised $70M in January 2016, when it came to VC-backed fint
8、ech companies, there were no $50M+ financing rounds registered in the first 3 months of 2016 in Europe.8 #FINTECH 2016 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG Internation
9、al provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. In Q1 2016 VC-backed fintech companies
10、 raised $4.9B across 218 deals Overall fintech investment reached $5.7B9 #FINTECH 2016 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International.KK在 三个基本制度框架 之上的：商业信任是依赖法律条文而存在的；资产转移交易是以独立第三方作为信用中介来保障实现的；交易结算和清算是以集中式的清算机构为中心来处理完成的，然而 人们习以为常的制度基 础和商业流程都有可能随着区块链技术的广泛应用被颠覆 。在现有制度框架下如鱼得水的金融中介机构，如何在这场模式变革中调整角色，将决定其未来的命运。以 Visa区块链 为什么区块链突然火起来“主题教育;部署开展“七项竞赛”检查工作;学风建设(出勤、课堂纪律、作业规范教育整顿);学生自行车车况全面检查;防流感、防结核病宣传教育;中小学生安全教育周教育(3 月 31 日安全教育日);贫困生调查登记;启动德育导师制;教室布置更新检查;V是发明创造 1 课时14、精心选题 1 课时
