The multi-conglomerate Tencent has moved across industries since its creation in 1998 . Originally a platform that created online multiplayer games such as League of Legends , it moved into the instant messenger service , QQ . According to the Senior Product Director of Tencent , Wendy Sun , who spoke at Money 20 / 20 2019 , Tencent wished to adapt alongside its customers , who “ changed from the PC to the mobile phone age .” This sparked the creation of WeChat in 2011 .

In 2013 , WeChat Pay was launched and the company moved into the finance space with the creation of WeBank ( China ) two years later in 2015 , before beginning to expand overseas to Hong Kong and the Malaysian markets in 2013 , 2016 and 2018 , as Tencent began to establish itself as a key player in the financial payments industry .

JULY 2019