WeBank
微众银行
Finance, Insurance & FintechShenzhen · South (Guangdong · Hong Kong · Hainan)
Business focus
Finance, Insurance & Fintech
Description
WeBank (微众银行), launched in Shenzhen in December 2014, was China's first privately funded, branchless digital bank, backed mainly by Tencent (~30% stake) with Baiyeyuan and Liye Group. Built on AI, blockchain, cloud computing and big data under a 'Collaborative Business Infrastructure' model, it targets underserved individuals and SMEs. WeBank now serves over 200 million customers, leading China's digital banks in assets, loans and net profit.