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11-year-old boy spends all of his grandfather's retirement savings on tipping online hostesses

A preteen from China's south-western province blew his pensioner grandfather's retirement income on one of the country's largest video-hosting websites in just three days
UPDATED FEB 27, 2019

An 11-year-old boy in China spent all of his grandfather's retirement income by using the man's phone to tip hostesses on one of the country's largest online video websites. The preteen, nicknamed Xiaowei, who is from the south-western province of Sichuan, blew 40,000 yuan ($5,988) while paying his favorite streamer on iQiyi.

According to the Daily Mail, the grandfather, a pensioner who was only identified by his surname of Li, went to withdraw money at a bank in Dujiangyan city on January 28 last month and was told his account only had a balance of 600 yuan ($90). Somehow, close to $5,900 had disappeared over the course of a few days. Perplexed, Li checked his transaction records and discovered that most of the money had been paid to iQiyi, which boasts over 500 million monthly active users.

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