TOKYO -- India surpassed China as Asia's top market for venture capital-backed fintech funding amid Beijing's clampdown on peer-to-peer lending. According to a report by U.S. market research company CB Insights, funding for fintech startups in India jumped to $286 million in the first three months of the year, up nearly 27% from the previous quarter. In China, by contrast, such funding dropped to $192 million, a decrease of 89% compared to the previous quarter. In terms of deal numbers, the two countries were even, with India and China each racking up 29 deals.