Comment on Tencent to also Launch Credit Rating System by Alibaba and Tencent to Launch Consumer Credit Rating Services - TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-11-03 00:00:00

It is well-known that Alibaba’s finance arm have been working on an online credit rating system, based on users’ purchasing history and other online behavior. Tencent claims the user data generated across its products are far more in-depth than any others. But it is easy to see the user data collected by Tencent cannot be as useful to financial institutions as Alibaba’s. For instance, I use Tencent’s products only for chatting with friends on QQ and capturing screenshots with a tool developed by the company. With more data from WeChat, Tencent’s credit rating system may improve as time goes by.