Tencent (Fintech Business) （腾讯）

The primary competitor of Ali Group in the Chinese market is known as Tencent. Tencent is often regarded as the arch-rival to the Alibaba Group and its subsidiary Ant Financial, and it has a strong track record in the FinTech sector. The establishment of WeBank, China's first online-only bank with financing and wealth management services, is one of the company's achievements.

WeBank reportedly reached a value of US$21 billion in November 2018. One of its well-known apps is WeChat Pay, which competes directly with Alipay from Alibaba. The goal of Tencent's fintech services is to link users with financial goods and solutions while also creating a top-notch fintech ecosystem.

• Weixin Pay/WeChat Pay (微信支付) (designed for Mainland China – WeChat Pay HK and WeChat MY are designed for Hong Kongenese and Malaysian users)
  
• QQ Wallet QQ钱包
  
• LiCaiTong (理财通)
  
• Credit Card Repayment (信用卡还款)
  
• Mobile Phone op-Up Service (腾讯手机充值)
  
• Transit QR Code
  
• Tencent Blockchain (腾讯区块链)
  
• Tencent Portfolio (腾讯自选股)
  
• We Tax Refund
  
• Business Tenpay (商企付)

Founded: 11 November 1998
Headquarters: Tencent Binhai Mansion, Nanshan District, Shenzhen, Guangdong, China
Website: tencent.com