Chinese tech giants Tencent and Baidu join fight for Spring Festival spotlight

Chinese AI apps turn to cash handouts to lure users

Chinese AI apps are turning to cash handouts to attract new users, the latest sign of the country’s hyper-competitive tech landscape. Tech giants Baidu and Tencent are both offering virtual “red envelopes” as signup incentives — a nod to the cash gifts given to loved ones during Lunar New Year. AI apps have emerged as the next frontier in the country’s tech arms race, as firms rush to inject their chatbots with shopping and payment tools. It ref…

Chinese tech giants Tencent and Baidu join fight for Spring Festival spotlight

The two companies launch digital red packet campaigns following tie-up moves by ByteDance and Alibaba with CCTV’s Spring Festival Gala.

China’s tech giants to hand out millions for Lunar New Year

As the Lunar New Year holiday approaches, Chinese internet and tech giants are handing out enormous amounts of cash in the form of digital red envelopes to lure new users of their artificial intelligence (AI) apps, reports Caixin. Following the Chinese tradition of young people receiving red envelops stuffed with cash from their elders, China’s internet […]

Chinese New Year Red Envelope Battle Shifts to AI - Tencent Yuanbao Splashes 1 Bn Yuan, Baidu Pours 500 Mln Yuan - YT FINANCE

The post Chinese New Year Red Envelope Battle Shifts to AI – Tencent Yuanbao Splashes 1 Bn Yuan, Baidu Pours 500 Mln Yuan appeared first on YT FINANCE.