Weidai

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Weidai is a Hangzhou-based financial information services company whose website says it began operating in July 2011.

Last updated October 9, 2026

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Overview

Weidai (微贷网) is the commercial identity associated with 微贷（杭州）金融信息服务有限公司, whose official website describes the company as a financial information services business. The site states that Weidai began operating on July 8, 2011, and that its headquarters are in Hangzhou. The supplied official-site material does not describe particular products, borrower segments, lending methods, or geographic markets, so those details cannot be established here. Its name and the supplied taxonomy place it in the consumer-finance and consumer-lending category, but the available evidence does not substantiate specific offerings. The company’s website reports that it received four rounds of financing from 2014 onward and that it was listed on the New York Stock Exchange on November 15, 2018, under ticker WEI. The evidence provided does not clarify the company’s current ownership, management, operating status, or current listing status.

History

Weidai (微贷网) is associated with 微贷（杭州）金融信息服务有限公司. According to the company’s official website, the platform began operating on July 8, 2011, and the company is headquartered in Hangzhou. The supplied material does not identify a founder or explain the circumstances of the launch. The website states that the company received four rounds of financing from 2014 onward. It does not name the investors, give dates for individual financing rounds, or provide funding amounts in the excerpt supplied. A further milestone reported by the company is its listing on the New York Stock Exchange on November 15, 2018, with ticker WEI. The evidence provided does not establish the company’s subsequent listing history or current status. The website excerpt includes a 2014–2021 copyright notice, but that alone does not establish whether the business remains active. No detailed product history, leadership changes, acquisitions, or geographic expansion are documented in the supplied material.

Weidai begins operating
Four rounds of financing reported
New York Stock Exchange listing reported

Products and positioning

The company’s website identifies it as a financial information services business; specific customer-facing offerings are not described in the supplied evidence.

Online lending information intermediary services
Weidai operates as an online lending information intermediary, connecting individual borrowers and lenders through its platform. The company provides financial information services under the regulatory framework for peer-to-peer lending in China.
Consumer finance information services
The company offers consumer finance information services, facilitating lending for personal consumption purposes through its online platform.

Controversies

2020
Police Open Case Against Weidai on Suspicion of Illegal Absorption of Public Deposits as Online Lending Wind-Down Dispute Escalates
In July 2020, Hangzhou police announced that Weidai was under investigation on suspicion of illegally absorbing public deposits. The platform had already begun winding down its business, and lenders were concerned about recovering their money. This entry is limited to the case filing and the wind-down process and does not by itself establish that any responsible individual has received a final criminal judgment.
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