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Fintech

Tencent Teams up with Visa, Guangfa Bank to Launch China’s First Foreign Currency Credit Card

Tech giant Tencent has teamed up with Visa and China Guangfa Bank (CGB) to issue a collaborative credit card that can process foreign currency transactions.

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Fintech

Tencent’s Profits up 19% YoY in 2019, Fintech and Corporate Services Revenues Rise 39%

Chinese tech giant Tencent has just released its financial reports for the fourth quarter of last year and full year 2019, showing a robust rise in the importance of its fintech operations.

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Fintech

Tencent Blockchain Report Calls for Acknowledging Legal Status of Crypto-assets

A new paper on regulation of the blockchain sector from tech giant Tencent highlights the ongoing risks posed by cryptocurrencies.

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Fintech

Tencent Leads Blockchain Patent Applications in China

Tencent has emerged as the leading applicant for blockchain patent applications in China.

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Fintech

China’s Big Four Tech Giants Collectively Amass 40 Financial Licenses Despite De-financialization Drive

The big four tech giants of Baidu, Alibaba, Tencent and JD.com have continued to amass finance licenses despite a push from Chinese regulators for them to “de-financialise” their own operations.

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Fintech

Tencent and Shenzhen Tax Bureau Entrusted with Drafting of International Blockchain Invoicing Standards

Chinese internet giant Tencent has received the go-ahead from China’s tax department to lead work on a new set of internationally supported standards for blockchain-based invoices.

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Banking Fintech

Tencent’s WeBank Touts Openness Strategy at Shenzhen Fintech Day

Tencent-backed online lender WeBank (微众银行) has stressed its commitment to openness as the core of its fintech strategy during its inaugural Fintech Day in Shenzhen on 26 July.

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Banking Fintech

Tencent’s WeBank to Hold Inaugural Fintech Open Day in Shenzhen

Tencent-backed online lender WeBank (金融科技开放日) plans to hold China’s first ever Fintech Open Day in the southern tech hub of Shenzhen.

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Banking Fintech

Tencent’s Fintech Unit Shuffles Senior Execs after Infinium Grabs Virtual Banking License in Hong Kong

Chinese tech giant Tencent has announced key changes to senior executives for its fintech operations just after its digital banking joint venture became licensed in Hong Kong.

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Banking Fintech

Tencent Leads $40M Investment in London Fintech Startup TrueLayer

Chinese tech giant Tencent is taking the lead in a USD$40 million funding round for an open banking fintech startup based in London.