BEIJING, Feb. 18 (Xinhua) -- China's online transactions saw a robust increase in both volume and value during the just-concluded Spring Festival holiday, data from Chinese online payment clearing house NetsUnion Clearing Corporation, and card payment giant China UnionPay showed on Sunday.
The two platforms handled an average of 2.63 billion online transactions each day from Feb. 9 to 17, up 18.6 percent from the previous Spring Festival holiday season.
The daily average transaction value involved increased 8 percent from the previous holiday period to hit 1.25 trillion yuan (about 176 billion U.S. dollars).
Driven by the holiday consumption boom, online payment rose significantly in sectors including catering, accommodation, tourism, retail, and entertainment, the data revealed.
The Chinese Lunar New Year, or the Spring Festival, is China's most important festival, falling on Feb. 10 this year. It is usually a period for vibrant consumption activities as people return home for family reunions or travel to popular tourist destinations to celebrate the holiday.
Red Lobster seeks bankruptcy protection after closing some restaurants
Alabama lawmakers approve legislation to ensure President Biden is on the November ballot
Prompt admission of Palestine into UN is a move to rectify historical injustice: Chinese FM
UN General Assembly to resume emergency special session on Mideast
Devout Christian doctor, 68, who punched dementia
How major US stock indexes fared Wednesday, 5/1/2024
Soccer jersey dispute between Algeria and Morocco clubs over Western Sahara goes to sports court
Death toll from Kenya floods reaches 179, evacuations underway
Cruise worker 'murders newborn son on board ship': Shocked co
UN General Assembly to resume emergency special session on Mideast
Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
China extends tariff exemptions on certain US goods until Nov. 30