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

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

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