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Douyin Group (HK) Reportedly Obtains Money Lender Licence, Exploring Biz in HK
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Douyin Group (Hong Kong), a subsidiary of ByteDance, has obtained a money lender licence in Hong Kong through Stellar Credit (HK) Ltd and is exploring the launch of related businesses in the city, according to Hong Kong Economic Journal. Stellar Credit may reportedly join multiple Credit Data Smart platforms in Hong Kong, enabling it to upload data and access borrowers’ credit reports. If Douyin Group (Hong Kong) launches the relevant businesses locally, it is expected to adopt a fully online model, with business scope covering personal unsecured loans and loans to small and micro enterprises. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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