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Tencent Pulls Credit Scoring Service, Source Says

Tencent Holdings Ltd.'s Shenzhen headquarters is seen on Aug. 9. Tencent's trial version of its credit scoring service was offline on Wednesday, one day after it was released. Photo: IC
Tencent Holdings Ltd.'s Shenzhen headquarters is seen on Aug. 9. Tencent's trial version of its credit scoring service was offline on Wednesday, one day after it was released. Photo: IC

The central bank’s credit bureau has told Tencent’s credit rating arm to pull a credit scoring service, just one day after its launch as a trial program, a source close to regulators told Caixin.

Ongoing concerns about the misuse of credit and personal-credit information were the primary reasons that regulators issued the “window guidance” to Tencent Credit, the source said.

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