Insight ReportDigital Red Packet Transactions for Chinese New Year Continue to Be Popular in 2019 Coresight Research February 7, 2019 Executive SummaryThe Spring Festival, also called the Lunar New Year or Chinese New Year, ushers in a period of spending and celebrations across China and other countries that observe the festival. Early data released by WeChat, China’s most-used messaging app, show that 14.2% of the red packets that were sent on New Year’s Eve used WeChat’s new feature, which allows users to customize their greetings. Those born in the 1990s are the biggest givers and receivers of WeChat’s digital red packets, followed by those born in the 80s and then the 70s. The busiest time for exchanging New Year wishes in China was between 8:00 PM and 9:00 PM on New Year’s Eve (Monday, February 4). China UnionPay saw 81.3% year-over-year growth in the value of interbank transactions on New Year’s Eve. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Keeping Green While Saving Green: Five Areas for Technology-Driven Sustainability in 2025Head-to-Head in US Department Stores: Kohl’s vs. Macy’sWeekly US Store Openings and Closures Tracker 2025, Week 17: Announced Closures Up 90% Year Over Year; JD Sports Reveals Global Store PlansFinancial Pessimism Deepens Amid Post-Shutdown Adjustment: US Consumer Survey Insights
