SUBSCRIBERS
China's Tencent launches private online bank: report
Add BT as a preferred sourcePublished Mon, Jan 5, 2015 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Shanghai
CHINESE Internet giant Tencent, operator of the popular messaging app WeChat, has launched an online bank, a state-backed newspaper said on Monday, as the government seeks to foster private lenders.
The online bank, called WeBank, will be fully Internet-based with no physical branches, the China Daily newspaper said.
Share with us your feedback on BT's products and services
