Tencent launches China’s first online-only bank
Internet giant Tencent has launched China’s first online-only private bank in a ceremony attended by the country’s premier, Li Keqiang. WeBank, named after Tencent’s hugely popular WeChat messaging service, is opening its virtual doors after the Chinese financial service regulator granted Tencent a license last year. In total,licenses were granted, including to Tencent rival Alibaba, […]