Carl Durrek Carl is a gaming fanatic, forever stuck on Reddit and all-around lover of food.

WeChat users sent a billion digital cash envelopes to each other last night

45 sec read

For those of you who aren’t aware, Asia was awash with celebration last night as hundreds of millions of people gathered to celebrate the Chinese New Year. One of the traditions during this holiday is to give each other gifts and WeChat decided to add a modern twist to the tradition by enabling users to send virtual red envelopes to each other that contained actual cash. In less than a day, more than one billion of these envelopes were exchanged across Asia. 

Last night was Chinese New Year’s Eve. Amidst all the other festivities, China’s WeChat users sent each other an astonishing 1.01 billion red envelopes (pictured above), the social media company revealed this afternoon. The virtual red envelopes stuffed with actual cash, which mirror a long-held gift-giving tradition at Chinese New Year, are a growing trend in China as people make more use of online payment methods. The 1.01 billion tally of WeChat hong bao represents stratospheric growth from last year’s number, when WeChat users sent only 20 million to each other. This year’s total covers only transactions from 8pm yesterday to 12:48am today, while last year’s number accrued over two days. Tencent, the maker of WeChat, didn’t reveal how much actual money was transferred in the billion-plus red envelopes.

Avatar of Carl Durrek
Carl Durrek Carl is a gaming fanatic, forever stuck on Reddit and all-around lover of food.

Apple is purging hundreds of thousands of apps from…

It may be the end of summer, but that isn’t stopping Apple from doing a bit of spring cleaning. Tomorrow, coinciding with the launch...
Avatar of Alfie Joshua Alfie Joshua
1 min read

This app let’s you buy the food that restaurants…

Just because it’s not fresh doesn’t mean it’s not edible. For people willing to eat food that’s old, but not too old, a new...
Avatar of Brian Molidor Brian Molidor
1 min read

Why is Line listed on both an American and…

Line hasn’t found much success here in the West, which is why it might seem odd that the company decided to list itself on...
Avatar of Lorie Wimble Lorie Wimble
1 min read

Leave a Reply

Your email address will not be published. Required fields are marked *