Heying Commercial Factoring (Shenzhen) Co., Ltd. (hereinafter referred to as "Heying Factoring") is registered in Qianhai, Shenzhen, and was established by Xinfenxiang Technology Services (Shenzhen) Limited (hereinafter referred to as "Xinfenxiang") in July 2018. Both Heying Factoring and Xinfenxiang are part of Weshare Corporation (hereinafter referred to as "Weshare"). Weshare was jointly initiated by Tencent and the management team in July 2017. In September 2018, Weshare Holding completed a Series B financing round of 86 million US dollars, introducing institutional investor such as CITIC Capital.

Based on a deep understanding of China's automotive finance, consumer finance, microfinance, and industrial chain ecosystems, Xinfenxiang is committed to using technology and data analysis to assist domestic and foreign institutional investors in efficiently and safely allocating financial assets. Xinfenxiang aims to share, cooperate, and achieve a win-win situation with industry partners, leverage the power of technology and cross-industry integration, create value, improve efficiency, and jointly promote the healthy development of China's inclusive finance industry.