Tencent stepping further into e-finance

Tencent Holdings Ltd has launched securities and wealth management services on its live chat tool QQ, diving further into Internet finance.

The Shenzhen-based company teamed up with five securities firms on Wednesday to offer one-stop financial services online, including setting up securities accounts, customer services and stock exchange services, to its vast base of QQ users.

The five companies (Zhongshan Securities Co Ltd, Tongxin Securities Co Ltd, China Dragon Securities Co Ltd, Chinalion Securities Co Ltd and Guangzhou Securities Co Ltd) are the first group of securities firms to set up online finance businesses on QQ.