Avid Chinese buyers show off 2017 Alipay bills, highest annual expenditure hits 177m yuan
Screenshot of the Alipay bill that hits 177m yuan Photo: newshexun.com
Alipay, China's leading online payment app owned by Alibaba's Ant Financial Services, has delivered a brief 2017 annual statement of account to all its users on Tuesday, leading to a flaunting craze by avid Chinese consumers on social media platforms like WeChat.

An anonymous spender is in spotlight after he posted a screenshot, showing off his total spend of 177 million yuan through Alipay in the year 2017. A netizen responded ironically, “poverty has hindered my power of imagination. What for God's sake has cost him so much money!”

A WeChat account called lianhuacaijing, citing data from a financial portal, showed how unbelievably huge the expenditure by the individual was by noting that the profits of 2,270 public companies listed on China's A-share market were no higher than that. Also, many netizens suspected the stunning screenshot to be photoshopped merely for grabbing attention.

Certainly, there are those who flaunt wealth then there must be those who complain of being hard up. One guy showed his Alipay annual bill of 3 yuan while another proved with his statement that over the past year, no payment was made through Alipay.

All the above may be ridiculous, but one thing is for sure, mobile payment solutions like Alipay are changing the way Chinese people consume and live. “With mobile payment becoming popular, nowadays Chinese people never need to bring their wallet with them. A cell phone would do in all situations,” Chinese media said. It's noted by lianhuacaijing that in 2017, mobile payments occupied 82 percent of all deals made, reaching a new high.

Data showed that mobile payment in north China's Shanxi province and southwest China's Guizhou province have all occupied 92 percent of all deals, ranking the first nationally. In 2016, only one province in China made over 90 percent of its payments through mobile apps, and now, over 11 provinces in China are using mobile payments in over 90 percent of deals.

One reason is attributed to the popularity of two-dimentional code. Over the past year, the over 40 million small businesses throughout China have begun to use the code stickers to let customers scan for paying money. Even street performers would prefer audiences to pay by cell phone. With the right technology, in 2017, Alipay could be applied in public transportation systems including subway in over 30 cities, leaving the Chinese completely no reason to bring wallets with them.

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