Tencent Holdings is China based Multi-National Investment Conglomerate Company. Tencent is a leading provider of Internet value added services in China. Since its establishment, Tencent has maintained steady growth under its user-oriented operating strategies. On June 16, 2004, Tencent Holdings Limited (SEHK 700) went public on the main board of the Hong Kong Stock Exchange. Headquarters is in China.
WeBank became China's first privately-owned bank in December 2014 upon receiving its banking license. The bank is backed by reputable companies such as Tencent.
For providing loans WeBank uses Artificial Intelligence, Blockchain, Cloud Computing, Big Data analytics. Rather than basing upon brick and mortar buildings for setting up bank, WeBank is mainly based upon advanced technologies.