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In 2016, 3.2 billion red envelopes were sent over the holiday period, and 409,000 alone were sent at midnight on Chinese New Year.

We Chat supports users to register as an official account, which enables them to push feeds to subscribers, interact with subscribers and provide them with services.

We Chat Pay's main competitor is Alibaba Group's Alipay; company founder Jack Ma considered the red envelope feature to be a "Pearl Harbor moment", as it began to erode Alipay's historic dominance in the online payments industry in China, especially in peer-to-peer money transfer.

The success prompted Alibaba to launch its own version of virtual red envelopes in its competing Laiwang service.

Every We Chat user has their own We Chat Payment account.

Users can acquire balance by linking their We Chat account to their debit card, or by receiving money from other users.

For work purposes, companies and business communication, a special version of We Chat called Enterprise We Chat (or Qiye Weixin) was launched in April 2016.

The app is meant to help employees separate work from private life.We Chat supports different ways of instant message, including text message, voice message, walkie talkie and stickers.Users can send previously saved or live pictures and videos, namecards of other users, coupons, lucky money packages, or current GPS location with friends either individually or in a group chat.Users who link their credit card can only make payments to vendors, it cannot be used to top up We Chat balance.We Chat Pay can be used for digital payments, as well as payments from participating vendors.In China, users who have provided bank account information may use the app to pay bills, order goods and services, transfer money to other users, and pay in stores if the stores have Wechat payment option.