By Our Correspondent
WeBank, an online lender backed by Tencent, is looking to capitalize on Hong Kong’s Web3 market, a company executive told the South China Morning Post.
WeBank Technology Services, launched this month, plans to be “deeply involved” in developing the city’s Web3 infrastructure, as it holds a “very open” attitude towards the industry,
WeBank’s chief information officer Henry Ma told the newspaper in an interview that the its newly-established WeBank Technology Services aims to be “deeply involved” in growing the city’s Web3 infrastructure.
“I think Hong Kong needs a robust and regulator-friendly Web3 infrastructure,” Ma told the paper. “I believe we are a very good fit.”
Founded by Tencent and other Chinese firms in 2014, Shenzhen-based WeBank is China’s largest online-only lender and the world’s 10th largest unicorn, valued at 235 billion yuan (US$32.4 billion) last year,
According to a Hurun Research Institute report published in April, WeBank, founded by Tencent and other Chinese firms in 2014, is China’s largest online-lender valued at 235 billion yuan (US$32.4 billion) last year.