More than 100 mil­lion sent gift money on Ali­pay

China Daily (Canada) - - FRONT PAGE -

More than 100 mil­lion peo­ple sent gift money via mo­bile apps dur­ing the Chi­nese Lu­nar New Year hol­i­day, ac­cord­ing to Ali­pay, the pay­ment sys­tem run by Chi­nese In­ter­net gi­ant Alibaba.

The pe­riod from Feb 18, or Lu­nar New Year Eve, to Feb 21 was the peak for gift money with a to­tal of 4 bil­lion yuan (about $652 mil­lion) paid via the e-pay­ment plat­form, ac­cord­ing to fig­ures re­leased by Ali­pay.

Giv­ing “lucky money” in elec­tronic form has be­come a trendy spin on the Chi­nese tra­di­tion of giv­ing red en­velopes, or hong­bao, filled with money to chil­dren on Lu­nar New Year Eve. The cus­tom is more than 1,000 years old.

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