2019 11月8日

​深圳

​深圳日

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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.

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.

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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.

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