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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Hurun Research Institute. (January 16, 2019). Preferred payment methods among Chinese millionaires as of 2018* [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/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 November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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.ezproxy.canberra.edu.au/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.ezproxy.canberra.edu.au/statistics/1056935/preferred-payment-methods-by-chinese-millionaires/ (last visited November 10, 2024)
Preferred payment methods among Chinese millionaires as of 2018* [Graph], Hurun Research Institute, January 16, 2019. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1056935/preferred-payment-methods-by-chinese-millionaires/
