According to WeChat, owned by China's Tencent, people sent each other a total of 8.08 billion red envelopes for Chinese New Year via the service.To put this into context, PayPal made 4.9 billion transactions in 2015 and only 28 per cent were made on a mobile device!
Chinese ecommerce giant Alibaba is also in on the lucky red envelope trick but has not yet released any statistics around Chinese New Year. The lunar new year festivities spread to the UK this year, with many foreign brands taking to the streets and online to help people celebrate. But it is the digital channels that are changing the shape of celebrations in Asia. According to the data from Tencent, women were more generous as 56.5 per cent of senders were female.