WeLab has expanded rapidly in Hong Kong, mainland China and Indonesia, and provides online lending and virtual banking services to 50 million customers. Photo: Facebook WeLab has expanded rapidly in Hong Kong, mainland China and Indonesia, and provides online lending and virtual banking services to 50 million customers. Photo: Facebook
WeLab has expanded rapidly in Hong Kong, mainland China and Indonesia, and provides online lending and virtual banking services to 50 million customers. Photo: Facebook

Allianz Group’s digital investment unit acquires undisclosed stake in Hong Kong fintech unicorn WeLab for US$75 million, as it eyes Greater Bay Area opportunities

  • Allianz X has made the investment as part of WeLab’s Series C-1 fundraising
  • The Hong Kong unicorn will also team up with Allianz’s asset management arm to develop wealth management sales platforms

Topic |   Banking & Finance
WeLab has expanded rapidly in Hong Kong, mainland China and Indonesia, and provides online lending and virtual banking services to 50 million customers. Photo: Facebook WeLab has expanded rapidly in Hong Kong, mainland China and Indonesia, and provides online lending and virtual banking services to 50 million customers. Photo: Facebook
WeLab has expanded rapidly in Hong Kong, mainland China and Indonesia, and provides online lending and virtual banking services to 50 million customers. Photo: Facebook
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