WeBank was initiated and established by Tencent and well-known private companies such as Baiyeyuan and Liye Group. It is headquartered in Shenzhen. It was approved by the regulatory authorities to open in December 2014. It is the first private bank and Internet bank in China.

WeBank has a registered capital of 3 billion yuan and is led by Tencent, Baiyeyuan and Liye. Among them, Tencent subscribes for 30% of the bank's total share capital and is the largest shareholder.

On December 12, 2014, the China Banking Regulatory Commission stated that Shenzhen Qianhai WeBank, a private bank affiliated with domestic Internet giant Tencent, has been officially approved to open and is China's first Internet bank.

Extended information:

WeBank’s main businesses:

1. Consumer finance

“Weilidai” is the first domestic Loan products that realize online operation of the entire process from application, approval to disbursement have the unique advantages of being inclusive and convenient. "Weilidai" relies on Tencent's two major social platforms - QQ and WeChat. It is unsecured, unsecured and does not require application;

Customers only need their name, ID card and phone number to obtain a credit line; 500 yuan~ The quota of 200,000 yuan can meet the small consumption and business needs of the general public. "Weilidai" has revolving credit, borrows and repays at any time; reaches the customer's designated account in 1 minute; and provides 7*24 hours service. Use Internet technology to reach a large number of users and extend extremely convenient banking services to low- and middle-income groups that are difficult to reach by traditional banks.

2. Public Financial Management

On August 15, 2015, WeBank officially launched its first independent APP product. Relying on the risk control and quality selection of WeBank's professional team, and by joining forces with high-quality and reliable industry partners, WeBank APP selects financial products that meet a variety of financial needs for users, and supports real-time cash withdrawals to achieve efficient, convenient and practical fund dispatching. Help users manage wealth easily. ?

WeBank APP products have been repeatedly tested and researched for many times. Taking into account the time constraints, lack of knowledge and other problems that may be encountered in public financial management, the operating threshold has been continuously lowered to provide clear product descriptions and User guidance and continuous optimization of user experience. ?

3. Platform Finance

WeBank has cooperated with the logistics platform "Huitong Tianxia", the online decoration platform "Tubatu", and the used car e-commerce platform "Uxin Second-hand" "Che" and other well-known domestic Internet platforms jointly develop products.

Baidu Encyclopedia-WeBank