A survey conducted in the second half of 2018 revealed that around 37 percent of surveyed Chinese millionaires preferred using Alipay for payments below 20 thousand yuan. The preference share of Alipay decreased by 2.8 percentage points compared to a similar survey conducted in the previous year.
Preferred payment methods among Chinese millionaires as of 2018*
among high net worth individuals with personal assets over ten million yuan
Supplementary notes
*For payments below 20,000 yuan.
One yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of October 2019).
The survey was conducted among Chinese millionaires from a number of first and second tier cities in mainland China as well as Hong Kong, Macao, Taiwan and foreign countries.
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Hurun Research Institute. (January 16, 2019). Preferred payment methods among Chinese millionaires as of 2018* [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1056935/preferred-payment-methods-by-chinese-millionaires/
Hurun Research Institute. "Preferred payment methods among Chinese millionaires as of 2018*." Chart. January 16, 2019. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1056935/preferred-payment-methods-by-chinese-millionaires/
Hurun Research Institute. (2019). Preferred payment methods among Chinese millionaires as of 2018*. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1056935/preferred-payment-methods-by-chinese-millionaires/
Hurun Research Institute. "Preferred Payment Methods among Chinese Millionaires as of 2018*." Statista, Statista Inc., 16 Jan 2019, https://www.statista.com/statistics/1056935/preferred-payment-methods-by-chinese-millionaires/
Hurun Research Institute, Preferred payment methods among Chinese millionaires as of 2018* Statista, https://www.statista.com/statistics/1056935/preferred-payment-methods-by-chinese-millionaires/ (last visited December 22, 2024)
Preferred payment methods among Chinese millionaires as of 2018* [Graph], Hurun Research Institute, January 16, 2019. [Online]. Available: https://www.statista.com/statistics/1056935/preferred-payment-methods-by-chinese-millionaires/
