Chinese IT Giant Tencent Partners With University of Hong Kong on Fintech

Chinese media outlet QQ disclosed yesterday Tencent Financial Academy, a subsidiary of Chinese IT giant Tencent, signed a Memorandum of Understanding with the University of Hong Kong on R&D projects related to financial technology.

Under the partnership, research and development of fintech projects between the Tencent Financial Academy and blockchain lab of the department of computer science at the University of Hong Kong will take place with guidance from Tencent.

The media news further states that the University of Hong Kong will also introduce a fintech course in September 2019, under the bachelor program.

Tencent’s subsidiary will offer internship to students at the University of Hong Kong and also conduct workshops, corporate visits and guest lectures for the next four years.

The Tencent Financial Academy was set up in June 2018 to seek out the financial and technology abilities deemed necessary in modern finance, according to QQ. It can be recalled that coinless blockchain FISCO BCOS was unveiled by the Chinese Financial Blockchain Shenzhen Consortium (FISCO), headed by global corporate telecommunications company Huawei and Tencent.

In February, Ripple announced the list of new partners under its global University Blockchain Research strategy that includes universities in the US, China, Singapore and Brazil.