China’s Communist Party Warns Members Getting Wechat Red Packets During New Year Holiday

Login to View

FinTech has revolutionized the Chinese New Year tradition of giving cash gifts to friends and family. On New Years eve 2016, 420 million people sent each other over eight billion Wechat red packets containing so-called lucky money or Hong Bao. This has created a new challenge for the Chinese Communist Party’s corruption fight.

Continue reading with a China Money Network subscription


Join Now

Already have an account or paid subscription? Log in


RELATED NEWS



1 COMMENT