WeBank sets up tech HQ in city

Tencent (0700)-backed digital bank WeBank's tech unit has established its technology company headquarters in Hong Kong.

The Shenzhen-based WeBank plans to invest up to US$150 million (HK$1.17 billion) and create high-skilled technology jobs in the city.

The headquarters in the city will serve as a base for its R&D (research and development) activities and provide commercializing technology solutions for global markets, according to a statement yesterday.

WeBank president Li Nanqing said: " We look forward to collaborating with local partners, stakeholders and attracting talent on this exciting next step of our journey."

WeBank is well known for bringing inclusive financial services to over 4.5 million micro, small and medium-sized enterprises, and nearly 400 million individuals in the mainland.

June Chen