WeBank became China's first privately-owned bank in December 2014 upon receiving its banking license. The bank is backed by reputable companies such as Tencent, Baiyeyuan and Liye Group among others. WeBank strictly adheres to China's legal and regulatory policies, treating compliant operations and stable development as underpinning pillars of the business. WeBank is devoted to offering underbanked individuals and SMEs with a variety of convenient and high-quality financial services.