Baidu Alibaba Bytedance Kuaishou Tencent

China’s tech giants sent 590 million dollars red packets to users during Spring Festival

February 11, 2019 5:55 pm

According to Xinhua News agency, Baidu is the exclusive red packet sponsor of CCTV’s Spring Festival gala and distributed around 280 million dollars. Alibaba’s online payment platform Alipay distributed 73.65 million dollars to 450 million users who collected five virtual “lucky cards” by Lunar New Year’s Eve. Bytedance backed Tik Tok distributed 73.65 million dollars; Short video giant Kuaishou distributed 88.37 million, and Tencent backed short-video platform Weishi distributed 73.65 million dollars.

The digital red packet war is an online advertising way of tech giants to lure users.

Source: Xinhua News Agency