Traditionally, Chinese people give red envelopes filled with money, known as hongbao, to friends and relatives during Lunar New Year celebrations. [Photo by Liu Junfeng/For China Daily] "Best ...

On the same evening, 420 million people sent and received more than 8 billion red envelopes on WeChat. Tencent’s QQ Wallet, the third-largest mobile payment app after WeChat and Alipay, started to ...

More tech companies have joined the digital red envelope race during the holiday since Tencent unveiled its hongbao service on WeChat in 2014, drawing millions of new users for its mobile payment ...

On Chinese New Year's Eve, Alibaba will offers its users the chance to win 800 million RMB or about $122,000 USD through Alipay.

Many Chinese were all busy with just one thing on Lunar New Year’s eve: trying to grab as many virtual “red envelopes” online as they could, which totalled an estimated billions of yuan.

What’s this red envelope website?.” The QR code reportedly leads to the @red.envelope.society Instagram handle, which has grown to over 200,000 followers as of 22 May, 2025.