WeBank was officially launched on December 16, 2014 by renowned companies including Tencent, as the first digital-only bank in China.
WeBank was built with technology at its core, and with technology as a key driver behind the bank’s development. As such, WeBank is committed to promoting innovative technologies. Since its formal launch, WeBank has already completed the construction of a comprehensive banking platform with self-owned intellectual properties, capable of handling high-volume, high-frequency transactions and has applied for more than 100 patents across a variety of technology areas. WeBank is also the very first commercial bank to be recognized as a National High-tech Enterprise by the Ministry of Science and Technology of China. WeBank strongly embraces the oft-stated ‘ABCD’ technologies (A.I., Blockchain, Cloud Computing, Big Data) as its strategic focuses and is an active leader in their related researches and applications in the financial sector.