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Chinese Internet Giants Woo Customers with Cash Gifts
   2016-02-08 11:13:52    CRIENGLISH.com      Web Editor: Xu Yaqi

The file photo shows people receiving and sending red envelopes with their mobile App. [Photo: sohu.com]

Massive amounts of gift money is being dolled out by Chinese Internet companies this Lunar New Year in an attempt to draw more customers into the mobile payment market.

Alibaba's Alipay gave away 800 million yuan last night.

People who watched last night's CCTV New Year's Gala were able to share the money by accessing the company's mobile App during the show.

Tencent's QQ and WeChat dolled out 200 million yuan worth of "red envelopes" to its customers.

Tencent says the number of "hongbao," or "red envelopes" sent and received through WeChat reached 2.31 billion at the end of last year.

The company says it expects the figures to exceed 10-billion yuan during this year's Spring Festival, which would be 10 times more than last year.

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