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Title : WeChat users send 46 billion digital red packets over Chinese Lunar New Year
link : WeChat users send 46 billion digital red packets over Chinese Lunar New Year

WeChat users send 46 billion digital red packets over Chinese Lunar New Year

Users of WeChat sent around 46 billion electronic red packets - digital versions of traditional envelopes stuffed with cash - via the Chinese mobile social platform over the Lunar New Year period

China has a long tradition of giving red packets during the Lunar New Year, which fell on Jan. 28 ,2017.

 Internet giants such as Alibaba Group Holding have promoted the use of virtual red packets, also known as "hongbaos", to grow business in the country's booming mobile payment market

The number of digital red packets sent via WeChat, owned by Alibaba rival Tencent Holdings Ltd, rose 43 % in the Jan. 27 and Feb. 1 period compared with a year earlier

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