hongbao
Alibaba Not in the Red, but No Red Packets for Staff on New Year
| Vittorio Hernandez | | Feb 15, 2015 07:47 AM EST |
Even if Chinese e-commerce giant Alibaba Holdings raised a record-breaking amount of $25 billion in its initial public offering in New York in September, for Alibaba founder Jack Ma, the company needs to yield exceptional results for him to consider giving out hongbao or red envelopes on Wednesday, the Chinese Lunar New Year.
Tencent to Send Gifts to 500 Million WeChat Users for Chinese New Year
| Cory Doyle | | Feb 09, 2015 03:08 PM EST |
Tencent will be giving away 500 million "red envelopes" with up to US$800 as well as billions of coupons to WeChat users beginning Feb. 12
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