China fintech new players need a niche to survive

Latecomers and small players in China’s finance technology (aka fintech) space will need to identify and carve out market niches to survive, because the country’s tech giants already offer integrated platforms for financial services, said a Beijing-based lawyer.  Small players and newcomers are concerned by the dominance of fintech leaders, particularly the so-called BAT (Baidu-Alibaba-Tencent). “Winners-take-all has become a norm but [this is] also a concern for others,” said D…