WeChat Impact Report 2016 – latest data about Chinese social media

It also change my life when dealing money with people. Everyone can transfer money to each other, and people assume that everyone has it (what is 95% true in my social circle). I don't need to have cash, credit card, and don't have to deal with change/money issues anymore with them. You do not need to see people physically, or ask any bank information.

There is also pretty fun to I see in many group I am in (from 2 to 500 people). You can send "Red envelopes". You set the amount of it, to how many winner you want, and if the ammount is random across people winning or not). The others don't know the amount of money in it. The X first(s) to open the red envelope get the money. I believe this increase the stickiness of the group you're in. I know some group sending many red envelops a day (for any kind of reasons). I also believe the number of red envelops sent increased a lot during the Chinese new year (It's a tradition to give red envelope during CNY).

For the fee: After 20k RMB , you'll have to pay a 0.1% fee on on every transfer. The limit is reset every month. You can also put back the money in your bank. The limit is 1K rmb/week, if that exceeded, you pay some fee (can't remember how much).

Facebook is actively separating messaging feature from the main app and force users to use two different apps, which is inconvenient IMO.

Maybe it is just a legacy issue where Facebook started as a social media whereas WeChat started as a messaging app, but I am interested to see if Facebook would be better by prioritizing "messaging" over "feed".

(Disclaimer: I am a Chinese user.)

On the other hand, I live in Beijing, and just looking around you'd be hard-pressed to believe that China as a whole has a gender imbalance – if anything, there seem to be more women than men. Perhaps the majority of men have remained in the countryside? Where they're spending their time on WeChat? I'd be very curious to see if anyone's done a population study of gender by region...

This level of mobile payment adoption could only be dreamed of in Europe...

Is there possibly a link to original source?

I refuse to use any Chinese social media. They wouldn't allow something they couldn't control or monitor, and I don't feel like giving them a direct eye on all my private chats, pictures, finances, etc. At least Facebook gives me the illusion of privacy.