One of China’s leading online tech giants will cooperate with the Shenzhen Stock Exchange on research into new fintech applications.
Chinese tech giant Tencent has just reported a sharp rise in fintech-related revenues following the release of the first financial report which sets out a separate category for the business area.
Tech giant Tencent has unveiled plans to launch a new fintech lab with one of China’s big six state-owned banks.
Tencent-backed online lender WeBank (微众银行) has teamed up with Tencent’s cloud platform to launch a new fintech research lab.
Tencent’s latest financial data indicates that revenues derived from its fintech operations are fast approaching those sourced from mobile gaming.
Online wealth management has emerged as a mainstay fintech operation for one of China’s leading tech giants.
The head of Tencent’s cloud finance vehicle has touted the use of an “addition, subtraction, multiplication and division” model when it comes to the online giant’s fintech operations.