Tencent-led group launches China’s first online private bank

WeBank, a consortium led by internet group Tencent, has launched a trial for an online-only bank — a model that will likely be mostly a mobile experience. The new bank will have no physical branches and will offer loans of …

The post Tencent-led group launches China’s first online private bank appeared first on Mobile World Live.

China Watch: MVNOs face uphill battle, Tencent launches online bank & more

Mobile World Live’s Asia editor Joseph Waring provides a weekly update on developments in the world’s largest mobile market: MVNOs face uphill battle China’s 41 MVNOs, which have been in operation for less than a year, have signed up fewer …

The post China Watch: MVNOs face uphill battle, Tencent launches online bank & more appeared first on Mobile World Live.