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Shanghai Daily News Digest

Shanghai tops Alipay spending list   2016-01-13

 

 

SHANGHAI residents spent more on average than those of any other Chinese provincial-level region in 2015 on Alipay, the country's largest online payment platform, according to a new report.

Average individual spending in the financial hub was 104,155 yuan (US$15,836) on Alipay last year, the highest in the country, according to the report, released yesterday by Ant Financial, Alibaba's financial service affiliate, which operates Alipay.

Zhejiang Province ranked second, with 94,192 yuan spent per person on average on Alipay, followed by Beijing, and the coastal provinces of Jiangsu and Fujian.

 


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