Chinese firms attracted 49% of the global venture capital investment in financial technology companies in the first quarter, with JD Finance and Lu.com both securing USD1 billion deals, according to KPMG International and CB In-sights in a new report. Of the USD4.9 billion invested around the world in the period, Asia picked up USD2.6 billion, of which USD2.4 billion went to China. The number of VC-backed fintech deals completed in the first three months of this year rose to a new quarterly high of 218, the report said. “Global VC investment in the technology sector may be experiencing a bit of a pause, but fintech, propelled by some very large mega-rounds, has proven to be an exception,” said Warren Mead at KPMG International. Funding in the second quarter of the year is expected to remain high given the already announced USD4.5 billion funding round involving Alibaba’s financial affiliate Ant Financial, which closed in April.