2020 Is the Inflection Point for FinTech: WeLab’s Loong

The video discusses WeLab's operations, expansion into Hong Kong, China, and Indonesia, and its valuation as a unicorn. It highlights future plans, including privacy computing and virtual banking. The impact of market conditions on IPO decisions and the effect of Hong Kong protests on business are also covered. WeLab's focus on data privacy and technology to prevent fraud is emphasized.

What is the primary focus of WeLab as a company?

• Creating social media platforms

• Developing educational software

• Providing online financial services

• Manufacturing electronic devices

In which year did WeLab launch its operations in Hong Kong?

• 2010

• 2011

• 2013

• 2015

What new area is WeLab investing in to enhance consumer privacy?

• Privacy Computing

• Blockchain technology

• Artificial Intelligence

• Quantum Computing

What is a significant factor affecting WeLab's decision on pursuing an IPO?

• High competition in the industry

• Shortage of skilled workforce

• Volatility in the market

• Lack of technological innovation

How has WeLab managed to maintain a good record in preventing loan defaults?

• By offering lower interest rates

• Using technology to verify identities

• Through strict legal enforcement

• By limiting the number of loans