Cong Xiang
This year is the first Spring Festival after the epidemic was released. After three years of travel restrictions due to the epidemic, most people choose to travel or go home for the New Year. From the feeling, this year’s Spring Festival is naturally more energetic than the previous two years. This feeling is more intuitive from the data released by WeChat.
For example, the number of Spring Festival-related short videos posted by users on video accounts has increased by nearly 170%, and WeChat red envelopes have been sent more than 4 billion times. It can be seen that the Spring Festival is still the most important festival in the hearts of the Chinese people. Judging from the data that the offline payment transaction volume of users using WeChat Pay increased by 23% during the Spring Festival, consumption growth looks quite optimistic during the Spring Festival holiday after the liberalization, and we hope this trend can continue.
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