Mobile payment penetration rate has increased from 25 percent in 2013 to 68 percent in 2016. Individual consumption via mobile payments totaled $790 billion in 2016, 11 times that of the US
China’s wealth inheritors: Entrepreneurial, educated, less materialistic
Compared to other people’s difficulties in seeking funds at the beginning of startup, 62 percent of these inheritors received angel investments from the families firms