Virtual Assets in Divorce: A Modern Case
A recent divorce case has highlighted the growing importance of virtual assets in the division of property.
The case involves a young couple who accumulated a significant following and income from their Idle Fish account, a popular Chinese online marketplace. The account had become a valuable asset, generating over 200,000 yuan (approximately $30,000) per year.
During the divorce proceedings, the wife argued that the account should be considered a shared property, as it had been built up during their marriage. The husband, however, maintained that it belonged solely to him. The court ultimately ruled that the account should be divided equally between the couple.
This case underscores the changing nature of property ownership in the digital age. Virtual assets, such as online accounts, can now hold significant value and may need to be considered in the division of assets during a divorce.
According to data from Idle Fish, over 4 million items are listed daily on the platform, generating daily transactions exceeding 1 billion yuan. Young people, particularly those born after 1995, are particularly active users, accounting for 43% of users and contributing significantly to transactions in categories such as mobile electronics and anime collectibles.
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