8 November 2019
As the world’s first cross-border FinTech event, we are proud to bring you to Shenzhen for one full day to get to know elite companies from the finance and technology industry, carefully cherry-picked for your business objectives.
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China has become one of the leading players of global FinTech innovation and adoption. Shenzhen, considered as China’s Silicon Valley, has ambitions to become a world leader in technology innovation, being home to largest tech companies such as Tencent, Ping An and Huawei, and already positioned as country’s number one tech and innovation player.
Best known for being the owner of super app WeChat, this technology giant became the world’s most valuable social network company in 2018 according to Bloomberg, covering all the consumers needs from communication, sharing information to payments. Their digital wallet WeChat Pay have nearly one billion users, moving further towards a cashless society. WeChat is now experimenting with in-flight mobile payment, allowing users to pay offline.
Founded in 2013 by China’s most prominent businessmen, Jack Ma, Pony Ma and Mingzhe Ma, it is the first online-only insurance company in China. The company raised an initial public offering of $1.5Bn in 2017, the largest IPO in Hong Kong that year. Furthermore, it has been granted a virtual banking licence in Hong Kong in 2019. The company boasts over 400 million customers with over 10 billion policies sold according to Accenture.
China’s first digital bank backed by Tencent hit a staggering $21Bn valuation in late 2018 after less than four years in operation, making it the fifth most valuable privately-held company worldwide, according to CB Insights. WeBank, equipped with company’s cutting-edge facial recognition technology, offers loans to SMEs and investment tools products through their online platform.
Starting in Hong Kong as the pioneers to operate a fully online lending model in 2013, WeLab has also become the first homegrown Hong Kong FinTech company to establish a virtual bank. WeLab’s competitive advantage lies in their proprietary risk management technology and advanced AI capabilities, operating internationally to be able to serve their 40 million registered users across Hong Kong, mainland China and Indonesia.
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