WeBank (China)

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Headquarters Qianhai, Shenzhen, People's Republic of China
Key people
Chairman:David ku(顾敏)
Products Banking
Parent Tencent: 30%
Baiyeyuan: 20%
Liye: 20%
Website www.webank.com

WeBank (China) (simplified Chinese: 深圳前海微众银行; traditional Chinese: 深圳前海微眾銀行; pinyin: Shēnzhèn Qiánhaǐ Wēizhòng Yínháng), located in the Qianhai, Shenzhen, China, is China's first private commercial bank established. One of its major shareholders is Tencent.

WeBank Co Ltd (“WeBank”) was established by renowned companies, including Tencent, Baiyeyuan Investments and Liye Group, and officially launched on December 16, 2014, in turn becoming both the first privately-owned bank and the first digital-only bank in China. To date, the Bank has launched a personal micro-loan product (“Weilidai”), the WeBank mobile app (savings account and personal wealth management), a car micro-loan product (“Weichedai”), a consumer discount product (“Weizhongyouzhe”), and a B2B2C wealth management platform (“WePower”), among many other products.