Analysts said they expected Weilida

Analysts said they expected Weilidai to directly challenge the credit card business of traditional banks, by offering lower interest rates, most likely at a daily rate of around 0.05 percent, with repayments spread up to 20 months.

Tencent's rival, Alibaba Group Holding Ltd, already launched a similar service earlier this year, with a daily interest rate of 0.045 percent over 12 months.

By July, WeBank figures showed it had extended more than 800 million yuan in small personal loans to its customers.

The sudden rise in online finance businesses has become a major challenge for the country's financial regulators.

ผลลัพธ์ (แอฟริกา) 1:

Ontleders het gesê hulle verwag Weilidai direk Daag die kredietkaart besigheid van tradisionele Banke, deur die aanbied van laer rentekoerse, waarskynlik op 'n daaglikse tarief van 'n twaalftal 05:00 persent, met terugbetalings versprei tot 20 maande. Tencent se teenstander, Alibaba Group Holding Ltd, wat reeds. begin met 'n soortgelyke Service vroeër hierdie jaar, met 'n daaglikse rentekoers van 0,045 persent oor 12 maande. Teen Julie, WeBank syfers toon dit het meer as 800 miljoen yuan Uitgebreide in Klein Persoonlike lenings aan sy kliënte. Die skielike styging in Online Finansies Besighede het. 'n groot uitdaging vir finansiële reguleerders in die land.