has made tremendous economic achievements, and they have enjoyed affluent material conditions since childho
Baidu, Sina Weibo and Douyin have joined the league of sending digital red envelops. Ba
Last year, Alibaba-backed Taobao.com tied up with the CCTV Spring Festival Gala, sending a total of 600 million yuan in digital red envelops and prizes.
“Supporting the huge amount of transactions is China’s mature digital payment standard,” said Wang Pengbo, a finance industry analyst at Analysys.
Wang told the Global Times on Tuesday that as the cost of attracting new online users has ri