Tencent - News, Articles & Research

Facebook and PayPal invest in Indonesian app Gojek

Facebook and PayPal have invested in Gojek, the Indonesian firm which began life as a ride-hailing app but has since moved heavily into payments and financial services.

03 June 2020

News/payments

Tencent rolls out credit scoring system - report

Tencent's WeChat Pay will start giving its 600 million users a credit rating, using an AI-based system to determine people's "trust" value, according to local press reports.

14 May 2020

News/payments

Tencent buys stake in Aussie buy-now-pay-later outfit Afterpay

Chinese tech giant Tencent has bought a five per cent stake, worth around A$390 million, in Australian buy-now-pay-later firm Afterpay.

01 May 2020

Company announcement

Network International to power WeChat Pay in the UAE

Following an agreement between Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA) region and Tencent Holdings Limited, official developer of WeChat Pay, the mobile payment service will soon be widely available to Network’s merchant partners across the UAE.

24 February 2020

News

Tencent and DST Global pump $115 million into Qonto

French neobank Qonto has raised $115 million in Series C funding from Tencent and DST Global to double down on existing markets, develop new features to tailor its products to specific markets, and grow staff numbers from 200 to 300 during 2020.

21 January 2020

News

Tencent leads EUR40m round for French mobile payments firm Lydia

French mobile payments startup Lydia has raised EUR40 million in a Series B funding round led by Chinese giant Tencent and joined by Open CNP, XAnge and New Alpha.

16 January 2020

Company announcement

Credorax introduces WeChat Pay, Alipay and UnionPay to European merchants

Credorax, the smart payments provider and licensed bank for cross-border eCommerce and omni-channel payments, announced today partnerships with WeChat Pay, Alipay and UnionPay, making it one of the first acquirers to offer European merchants the ability to support payments from all three top Chinese mobile payment methods.

29 October 2019

News

Tencent leads $35m investment in UK fintech

Chinese e-commerce giant Tencent is heading up a $35 million financing round for UK-based startup TrueLayer, further adding to its growing portfolio of fintech investments.

04 June 2019

News/payments

TenCent's fintech operations generated £2.5 billion in Q1 revenue

Chinese Internet giant TenCent has revealed that revenues from its fledgeling fintech and business services operations reached £2.5 billion in the first quarter, outstripping the firm's traditional stronghold in smartphone gaming.

15 May 2019

News/startups

Tencent invests in Argentine mobile banking startup Uala

Chinese Internet powerhouse Tencent has made another investment in the Latin American fintech scene, buying a stake in Argentine mobile banking firm Uala.

24 April 2019

Company announcement

Hong Kong Science and Technology Park signs fintech MoU with Tencent

Hong Kong Science and Technology Parks Corporation (HKSTP) today signed a Memorandum of Understanding (MoU) with Tencent to accelerate the R&D development and deployment of Fintech in Hong Kong by combining Tencent’s revolutionary and advanced technology capabilities with HKSTP’s infrastructure and vibrant innovation and technology (I&T) ecosystem.

30 January 2019

News

Tencent and Hang Seng Bank form fintech partnership

Hang Seng Bank has formed a fintech alliance with e-commerce giant Tencent that will see the pair work together on a host of initiatives, including a remote account opening system and payment services.

07 December 2018