China’s ‘red packets’ go digital

  • News Digest
SHANGHAI

Feb 12, 2019-

More than 820 million electronic “red packets” were sent over China’s Lunar New Year holiday, leading social media platform WeChat said, as the centuries-old practice of exchanging monetary gifts increasingly goes digital. WeChat, which is owned by Chinese internet giant Tencent, said the tally was reached over a six-day span during last week’s national holiday, and marked a seven percent rise over the same period in 2018. Money inserted or wrapped into paper “red packets”, or hongbao in Mandarin, are traditionally given out as a blessing during the holiday, a time when revellers exchange wishes for good prosperity in the year ahead. But China has rapidly embraced a cashless society in which payments are made via smartphone apps. (AFP)

Published: 12-02-2019 11:32

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