Xiang Hu Bao was launched in October 2018 on Ant Financial’s mobile payments platform, Alipay. Photo: Handout

Ant Financial’s mutual-aid platform Xiang Hu Bao attracts 100 million users, boosts insurers’ sales by 60 per cent in first year

  • More than 10,000 people have obtained financial aid through the platform as of November
  • About 60 per cent of its users come from third or lower tier cities, counties and rural areas
Topic |   Alibaba

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Xiang Hu Bao was launched in October 2018 on Ant Financial’s mobile payments platform, Alipay. Photo: Handout
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