By Tadhg Walker
The first Asia-Pacific Alternative Finance survey, Harnessing Potential, has been released. A collaborative effort between the University of Cambridge, Tsinghua University, University of Sydney Business School and KPMG has led to the first benchmarking report into Asia-Pacific’s alternative finance sector. Together with over 20 research partners, including Crowdfund Vibe, data from 503 leading alternative finance platforms in 17 different countries was collected and aggregated.
The alternative finance sector was estimated to be worth a staggering $102.81 billion USD in 2015. China makes up 98.9% of this total, registering $101.7 billion by transaction volume with year-on-year growth of 328%. The rest of the Asia Pacific region recorded a volume of $1.12 billion USD, at a marginally lower year-on-year growth rate of 313%.