Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Tencent Begins Public Beta of Consumer Credit Rating System

Beijing Business News, 1/30/18

Chinese internet conglomerate Tencent (0700.HK) has launched nationwide public beta testing of a credit rating system. Consumers can access the platform by searching for "Tencent Credit" within the company's flagship mobile messaging app WeChat, and check their credit score after confirming their identity and linking a mobile number.

Tencent began public testing of a WeChat-channel-based credit score system in August 2017 with an invitation to QQ Super VIP members. On December 18, Tencent launched an application for the credit score in Shenzhen and Guangzhou with a deposit-free apartment rental service for users with scores of 650 or higher.

Tencent Credit is based on internet historical data gathered through WeChat and instant messaging service QQ in five dimensions: honoring commitments, security, wealth, consumption, and social networking. Leveraging big data and proprietary technology, the system generates a comprehensive score ranging from 300 to 850 points.

The Tencent Credit score allows users to enjoy special privileges, such as cash loans (up to RMB 300,000), consumer credit, installment payment shopping, and deposit free rentals of bicycles, toys, and apartments.

Rival internet conglomerate Alibaba Group's (NYSE: BABA) financial services affiliate Ant Financial launched its personal credit rating service Sesame Credit in 2015.

Editor's Note: For more information on this topic, please see Tencent Tests Consumer Credit Scoring System, MD 8/08/17 issue.

Keywords: credit rating Internet Tencent 0700.HK WeChat financial services consumer credit Tencent Credit wireless


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports