Hong Kong-based tycoon Li Ka-Shing’s mobile lending start-up, WeLab, has filed for an initial public offering on the Hong Kong Stock Exchange, according to its IPO prospectus. China Money Network previously reported that the company was planning for a US$500 million listing. Founded in 2013, WeLab is a Hong Kong-based mobile lending company operating across the Greater China region. It offers personal instalment loans with tailored features including pricing, tenure and amount. Through WeLend, its direct-to-consumer lending platform, the company …
Mobile Lending Firm WeLab Files For Hong Kong IPO appeared first on China Money Network.