Thanks to the success of Yuebao, a user-friendly investment fund for Alipay users which launched in mid-2013, nearly all major Chinese internet companies tapped into internet-based finance in 2014. While some simply sell traditional financial products online, many big tech companies and startups have created new products for the internet economy.

More than 150 fintech startups received funding this year, according to ITjuzi.com, a Chinese online database for startups.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com