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A billion red envelopes filled with cash exchanged hands in WeChat yesterday.

Added about 2 years ago | As appeared first on techinasia.com
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 fr...
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