Fintech

In December 2016, the Group obtained a license from the government to carry out Internet micro-lending business in the PRC under the brand name, “Yunke”, which provides inclusive financial services to individuals and enterprises who have not met the requirements of traditional financial institutions. The business of Yunke mainly focuses on providing practical and flexible short-term financing solutions. As of December 31, 2018, the Group has provided services to a total of 1.6 million borrowers with approximately loans of RMB9.8 billion.