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24-Dec-2019 20:25
During a We Chat Payment partner conference recently, The number of offline retail stores integrated with We Chat Payment has been revealed: over 300,000.Offline retailers are the ones to benefit as well through We Chat payment.There are many fun features including text and voice messaging, stickers, voice/video call, share insight (record up to 6 seconds live video), send red packet (gifting), transfer money (similar to Paypal, Apple Pay), share location, create group chat and invite people to join.Tens of millions of users send Red Packets (red envelopes) stuffed with digital cash to each other every day on We Chat.
For luxury brands like Dior, this new ad format enables them to target users by demographics in specific regions, therefore making the advertisement way more valuable. A friend sent me a 20 RMB coupon from Qunar.com, a Chinese online travel information provider and mainland search engine for web-based and mobile users.
This is a pretty big deal actually since Chinese banks are much worse for savers than US banks in terms of interest paid.