During the 24-hour period of Chinese New Year’s Eve, users of the Alipay Wallet app gifted a lot of cash to their buddies and family members.
China’s state TV extravaganza for Chinese New Year’s Eve is getting a social media twist this year – and also a pile of cash.
What could go wrong when you're giving away free money? Quite a lot, as Alibaba's Alipay discovered yesterday.
This year, Tencent announced plans to unleash 500 million red envelopes full of cash and another 3 billion virtual coupons to WeChat users over a 10-day period.
Tencent's flagship app is blurring the lines between professional and social, taking the place of conference rooms, expert forums, recruitment sites, and, with its recent integration of LinkedIn, resu...
Chinese WeChat users sent out 20 million cash-filled red envelopes to friends and family within two days
Last week WeChat, the popular Chinese messaging app, launched a feature letting users based in China gift money to friends and family. The feature went viral in China, and yesterday parent company Ten...