Is WeBank the same as other banks? What s the difference in business?

WeBank is a private Internet bank controlled by Tencent, and Tencent holds a 30% stake in WeBank. Therefore, WeBank is not a wholly-owned bank owned by Tencent.

WeBank is a bank jointly established by well-known enterprises such as Tencent, Baiyeyuan, and Liye Group. In 2014, with the approval of the China Banking Regulatory Commission, WeBank became the first Internet private bank in China. The company's registered capital is 3 billion yuan, of which Tencent holds a 30% stake, becoming the largest shareholder of WeBank.

WeBank currently has three main businesses, namely consumer finance, mass wealth management and platform finance. Among them, in consumer finance, WeBank has launched a representative product, Micro Loan. As a micro-loan platform of WeBank, WeLoan is mainly promoted through two social platforms, WeChat and QQ.

This answer is provided by Youqian Hua, I hope it will be helpful to you. Like Alibaba's borrowing and Tencent's micro loan, Youqian Hua is a credit service brand of Du Xiaoman Finance (formerly Finance), which belongs to a large company and a big brand, is formal and safe, and not only has a very low interest rate but is also very reliable. Relying on the advantages of technology and scenarios, Youqianhua has used artificial intelligence and big data risk control technology to lend more than 400 billion yuan, providing convenient, fast and reassuring Internet credit services for countless users.

Is this convenient to say on the Internet? No information is required.

1. The difference in genes determines the difference in mode and channel, as well as the difference in cost structure and expansion speed. For traditional banks, it is necessary to rely on offline stores to absorb funds from small and medium-sized depositors, rely on account managers to absorb funds from large customers, and rely on offline stores and back-end audit departments to issue loans.

2. The difference in credit reporting systems determines the difference between market and industry barriers. WeBank's lending targets are mainly ordinary people and small and micro enterprises, and with the rise of the middle class and China's urbanization, this market share will grow. Therefore, the main target of traditional banks is the wealthy who already have abundant cash flow and can prove their ability to repay.

3. Different speeds: The biggest threat posed by Internet banks to traditional banks lies in the field of microfinance. In this regard, many commercial banks, including China Construction Bank, China CITIC Bank, Huaxia Bank, etc., have launched their own online loan products, and this field is full of gunsmoke.

WeBank falls under the category of private banks.

We-business banks are private banks initiated by well-known enterprises such as Tencent, and the definition of private banks can be roughly divided into three types: property rights structure, asset structure and governance structure. According to the theory of property rights structure, private banks are controlled by private capital.

According to the asset structure theory, private banks are banks that mainly provide financial support and services for private enterprises; According to the theory of governance structure, all banks that operate in a market-oriented manner are private banks.

We-Business Bank is a bank founded by well-known enterprises such as Tencent, Baiyeyuan, and Liye Group. In 2014, with the approval of the China Banking Regulatory Commission, WeBank officially opened, becoming the first private Internet bank in China. The company has a registered capital of 3 billion yuan, and Tencent holds 30% of the shares, becoming the largest shareholder of WeBank.

The business of micro-business banking includes taking deposits from the public, mainly for individuals and small and micro enterprises; There are also short-term, medium-term, and long-term loans. Its products include: bank deposits, small public deposits, insurance and wealth management, collective asset management plans, etc.

The original intention of the establishment of private banks was to introduce the competition mechanism into the financial sector and break the current financial structure of state-owned banks with a high degree of decentralization and relatively single ownership. Joint-stock banks generally refer to joint-stock commercial banks, which are relatively open joint-stock commercial banks of state-owned commercial banks. Joint-stock commercial banks belong to joint-stock banks and have a large amount of investment funds.

WeBank, a private bank owned by Tencent, is China's first internet bank headquartered in Shenzhen. WeBank does not need business outlets, counters, or property guarantees, but relies on facial recognition technology and big data scoring to issue loans.

Extended Information] WeBank officially opened in 2014 and is the first Internet bank in China. WeBank focuses on providing more high-quality and convenient financial services for small and micro enterprises and the general public, using financial technology to explore new models and methods for practicing inclusive finance and serving the real economy, and adheres to legal and compliant operations and strict risk control. WeBank strictly abides by national financial laws, regulations and regulatory policies, and is committed to providing differentiated, distinctive, high-quality and convenient financial services for the general public and micro enterprises based on compliance operation and steady development.

WeBank has successively launched products such as Micro Loan, Micro Business Loan, Micro Car Loan, WeBank App, WeBank App, WeBank App, Little Goose Spending Money, WE2000, etc., serving more than 100 million individual customers and more than 1.7 million corporate customers.

WeBank has carried out technical research and application in the research and application of underlying algorithms of key core technologies such as blockchain, artificial intelligence, big data and cloud computing, and became the first commercial bank in China to obtain the qualification of national high-tech enterprises in 2017.

WeBank has been ranked among the top 100 banks in China, with international rating agencies Moody's and Standard & Poor's giving WeBank "A3" and "BBB+" ratings, respectively. Forrester, an internationally renowned independent research firm, defines WeBank as "the world's leading digital bank".

Main products: WeBank has successively launched WeLoan, Micro Business Loan, Micro Car Loan, WeBank APP, WeBank APP, WeGoose Money, WE2000 and WE2000 in the three major business sectors of Public Bank, Direct Bank and Scene Bank.

WeLoan: WeBank's fully online, pure-credit, borrow-and-use microfinance product "WeLoan" has issued 100 million loans to more than 28 million customers in nearly 600 cities in 31 provinces, municipalities and autonomous regions across the country, with a cumulative loan amount of more than one trillion yuan. About 77% of the "micro loan" credit customers are engaged in the non-white-collar service industry, and about 80% have a college degree or below. The average loan is about $8,000, and more than 70% of the settled loans have interest of less than $100.

WeBank launched China's first online unsecured corporate working capital loan product, Micro Business Loan. More than 70% of the micro-business loan customers are in the manufacturing, wholesale and retail industries and high-tech industries, and more than 60% of the enterprises have obtained bank loans for the first time. Micro business loans serve more than 1.7 million small and micro enterprise corporate customers, with a total of nearly 400 billion yuan of loans issued, indirectly supporting the employment of nearly 4 million people.

In October 2020, WeBank further upgraded its corporate financial service brand to "WeBank+" on the basis of micro-business loans, serving the financial and non-financial needs of small and micro enterprises and creating a full-link business service ecosystem.

Premises of the Bank:

No. 1819, Shahe West Road, Nanshan District, Shenzhen, Guangdong Province.

Block A, Building 7, Shenzhen Bay Science and Technology Ecological Park.

WeBank's customer service ** and complaint **** are: 95384;

If you need to file a complaint about WeBank's business, you can file a complaint through the CBRC supervision**: 12378.

Micro Loan, Micro Business Loan, Micro Car Loan, WeBank App, WeBank App, Wezhong Enterprise Aipu App, Little Goose Spending Money, WE2000 and other products all belong to WeBank, and can be consulted or complained through ****:95384.

This also shows that this **** is a comprehensive service, and if the borrower makes a complaint through this ****, it may not achieve the desired effect.

Therefore, the CBIRC's complaint rights protection** has been added above for supplementary explanation.

WeBank Overview:

WeBank has no business outlets and no business counters, and mainly provides credit loan services for individuals and small and micro enterprises, and lends money through face base and big data credit rating.

Among them, bank data is divided into savings data, loan data and credit card data; Tencent data includes text, voice and image data precipitated on platforms such as WeChat, QQ Zone, Tencent WeChat, Wealth Management, and Tencent Games.

It can be seen that all these data are on the top of the list, so webank's credit system is a set of data mining engine + credit system algorithm, once the system is perfect, it can basically declare the formation of a monopoly.

The above content is organized on the Internet, I hope it will be helpful to the subject.

The differences between micro-business loans and micro-loans are:

1. The nature of the loan is different.

Micro-business loan is an operating loan issued by WeBank to general taxpayer enterprises, small-scale taxpayer enterprises and individual industrial and commercial households, and its funds are mainly used for the production and operation of enterprises.

WeLoan is an unsecured pure credit consumer loan issued by WeBank to Chinese citizens aged 18 or above, and the funds can only be used for daily consumption such as shopping, travel, decoration, education and training.

2. The upper limit of the quota is different.

As an operating loan, the upper limit of the micro-business loan is higher, and the maximum borrowing amount is 5 million.

Micro Loan is a personal credit loan, which is mainly based on the user's credit status to verify the credit, and can provide users with a loan amount ranging from 1,000 yuan to 300,000 yuan according to the user's credit status.

3. The coverage is different.

At present, micro-business loans only support application in some regions, including Guangdong, Jiangsu, Zhejiang, Hunan, Shaanxi, Shandong, Yunnan, Henan, Jiangxi, Shanxi, Hebei, Ningbo, Chongqing, Tianjin and Beijing.

The application for micro loan covers a wider area, and anyone who is a qualified Chinese citizen can apply.

4. The application procedures are different.

The application procedures for micro-business loans are more complicated than those for micro-loans, and it is necessary to enter the relevant information of the enterprise, complete the enterprise certification, and fill in the corporate account during the application process. During the period, in addition to authorizing the inquiry of enterprise and individual credit reports, tax authorization is also required.

The application for micro loan is relatively simple, as long as the applicant authorizes the inquiry of the credit report and completes the corresponding identity authentication information, you can apply.

5. The loan term is different.

Micro business loan supports installment payment and borrowing and repayment at any time, and the number of installments can be 12 and 24 installments. Micro Loan also supports installment payment and borrowing and repayment at any time, and the number of installments can be selected as a period.

WeBank's micro-business loan and bank loan are essentially the same, there is no difference. Because WeBank is also a commercial bank, and Micro Business Loan is a loan product of WeBank, the interest rate is lower than that of ordinary commercial banks, and it is also on the credit system.

WeBank is the first internet bank in China spearheaded by Tencent. The bank is actually a bank founded by private capital, which was officially established in December 2014 and mainly serves individuals or small and medium-sized enterprises. WeBank was founded by Tencent Domain, Baiyeyuan and other sponsors, and after obtaining the approval of the China Banking Regulatory Commission, it began to operate under its supervision.

WeBank has three sectors: Consumer Finance, Volkswagen Wuyuan Wealth Management, and Platform Finance. WeBank users can manage or borrow money on WeBank.

WeBank's loan products are mainly micro loans, micro car loans, micro business loans, etc

1. Micro loan is a personal credit loan, which does not require any mortgage guarantee and adopts a whitelist invitation system;

2. Micro car loan is to provide car purchase services and related consumer loans for customers who need to purchase or use cars with service partners;

WeBank faces different loan products, different borrowers apply for it, and the amount of money that can be borrowed is also different. Therefore, borrowers need to choose the right loan product according to their own situation.