I suspect that this is pretty big news and has been coming, so no major surprises. Tencent launches China's first online-only bank is the FT headline. Perhaps the innovation that we all require is here, humans need not access branches (or cash for that matter) and perhaps it will take a large Chinese company like Tencent to shake up the banking industry. I am not too sure how that makes us feel about the longer term prospects of owning the company as a technology company, when they will be giving smaller businesses credit lines (businesses of that size have struggled to get loans in China), I guess it is tiny for now.