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WeChat Red Envelope
WeChat red envelope (or WeChat red packet) is a mobile application developed by the Chinese technology company Tencent. The concept, also offered by its market competitors Alibaba and Baidu, is based on the Chinese tradition of ''hongbao'' (red envelope, or red packet), where money is given to family and friends as a gift. The application was launched by Tencent in January 2014 and has subsequently gained popularity, with Tencent reporting 2.3 billion transactions on 1 January 2016 alone. The application offers users the ability to give monetary gifts in the form of virtual "credits" to other users of the application. Money is deposited into a user's WeChat Pay account, which can be used for purchases. The app allows withdrawals from that account. There are two types of "red envelopes" offered by the app: pairwise red packets, in which money is sent in a private chat of two users, and group red packets, in which money is distributed in a group chat. With the latter, after it is post ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and Borders of China, borders fourteen countries by land, the List of countries and territories by land borders, most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third List of countries and dependencies by area, largest country by total land area. The country consists of 22 provinces of China, provinces, five autonomous regions of China, autonomous regions, four direct-administered municipalities of China, municipalities, and two special administrative regions of China, Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the List of cities in China by population, most populous cit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tencent
Tencent Holdings Ltd. () is a Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the world’s largest company in the video game industry based on its investments, with Tencent Games being the subdivision of Tencent Interactive Entertainment Group (IEG) focused on publishing of games. Founded in 1998, its subsidiaries globally market various Internet-related services and products, including in entertainment, artificial intelligence, and other technology. Its twin-skyscraper headquarters, Tencent Seafront Towers (also known as Tencent Binhai Mansion) are based in the Nanshan District of Shenzhen. Tencent is the world's largest video game vendor, as well as one of the most financially valuable companies. It is among the largest social media, venture capital, and investment corporations. Its services include social netwo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baidu
Baidu, Inc. ( ; , meaning "hundred times") is a Chinese multinational technology company specializing in Internet-related services and products and artificial intelligence (AI), headquartered in Beijing's Haidian District. It is one of the largest AI and Internet companies in the world. The holding company of the group is incorporated in the Cayman Islands. Baidu was incorporated in January 2000 by Robin Li and Eric Xu. The Baidu search engine is currently the sixth largest website in the Alexa Internet rankings. Baidu has origins in RankDex, an earlier search engine developed by Robin Li in 1996, before he founded Baidu in 2000. Baidu offers various services, including a Chinese search engine, as well as a mapping service called Baidu Maps. Baidu offers about 57 search and community services, such as Baidu Baike (an online encyclopedia), Baidu Wangpan (a cloud storage service), and Baidu Tieba (a keyword-based discussion forum). Baidu Global Business Unit (GBU) i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Red Envelope
In East and Southeast Asian cultures, a red envelope, red packet or red pocket () is a monetary gift given during holidays or for special occasions such as a wedding, a graduation, or the birth of a baby. Although the red envelope was popularised by Chinese traditions, other cultures also share similar traditional customs. The red packet is also called "money warding off old age" () for Chinese New Year. These customs have also been adopted across parts of Southeast Asia, and other countries that have a sizable ethnic Chinese population as well. In the mid-2010's, a digital equivalent to the practice emerged within messaging apps with mobile wallet systems localised for Chinese New Year. Usage Red envelopes, more commonly known as Hong Bao (in Mandarin) or Lai See (in Cantonese), are gifts presented at social and family gatherings such as weddings or holidays such as Chinese New Year. The red color of the envelope symbolizes good luck and is a symbol to ward off evil sp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WeChat Pay
WeChat Pay () is a mobile payment and digital wallet service by WeChat based in China that allows users to make mobile payments and online transactions. As of March 2016, WeChat Pay had over 300 million users. WeChat Pay's main competitor in China and the market leader in online payments is Alibaba Group's Alipay. Alibaba company founder Jack Ma considered the red envelope feature to be a "Pearl Harbor moment", as it began to erode Alipay's historic dominance in the online payments industry in China, especially in peer-to-peer money transfer. The success prompted Alibaba to launch its own version of virtual red envelopes in its competing Laiwang service. Other competitors, Baidu Wallet and Sina Weibo, also launched similar features. WeChat Pay statistics - WeChat Pay reached 900 million users in 2021. Service Users who have provided bank account information may use the app to pay bills, order goods and services, transfer money to other users, and pay in stores if the stores h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CCTV
Closed-circuit television (CCTV), also known as video surveillance, is the use of video cameras to transmit a signal to a specific place, on a limited set of monitors. It differs from broadcast television in that the signal is not openly transmitted, though it may employ point-to-point (P2P), point-to-multipoint (P2MP), or Mesh networking, mesh wired or Wireless, wireless links. Even though almost all video cameras fit this definition, the term is most often applied to those used for surveillance in areas that require additional security or ongoing monitoring (Videotelephony is seldom called "CCTV"). Surveillance of the public using CCTV is common in many areas around the world. In recent years, the use of body worn video cameras has been introduced as a new form of surveillance, often used in law enforcement, with cameras located on a police officer's chest or head. Video surveillance has generated significant debate about balancing its use with individuals' right to privac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spring Festival Gala
The ''CCTV New Year's Gala'', also known as the ''Spring Festival Gala'', and commonly abbreviated in Chinese as ''Chunwan'', is a Chinese New Year special produced by China Media Group (CMG). It is broadcast annually on the eve of Chinese New Year on its flagship CCTV-1 and internationally through the China Global Television Network The ''Gala'' has the largest audience of any entertainment show in the world, and is recognized by Guinness World Records as the world's most watched television program. The 2018 edition of the ''Gala'' attracted more than one billion viewers. The program is a variety show, often featuring music, dance, comedy, and drama performances. It has become a ritual for many Chinese families, including overseas Chinese, to watch the show on Chinese New Year's Eve. Many ''Chunwan'' performers have emerged as household names in China solely as a result of their recurring appearances on the program. History In the early 1980s, CCTV director Huang Yihe propo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
E-coupon
E-coupons (also known as electronic or digital coupons) are the digital analogue of paper coupons which are used to provide customers with discounts or gifts in order to attract the purchase of some products. Mostly, grocery and drug stores offer e-coupon services in loyalty program events. Even though there are still traditional coupons for daily must-have items such as diapers, detergents and toothpaste, e-coupons are actively issued in services like amusement parks, performances, restaurants and travel agencies. E-coupons are becoming one of the most used forms of sales promotions since technology continues to make the Internet faster and easier to use. Also, e-coupons are considered one of the E-marketing tools that tend to be obtained from Digital Media. E-coupons classification Static E-coupons Static e-coupons are quite similar with traditional coupons and their value does not change over time. Once the user has downloaded e-coupons, the offering value does not depend on t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alipay (payment Platform)
Alipay () is a third-party mobile and online payment platform, established in Hangzhou, China in February 2004 by Alibaba Group and its founder Jack Ma. In 2015, Alipay moved its headquarters to Pudong, Shanghai, although its parent company Ant Financial remains Hangzhou-based. Alipay overtook PayPal as the world's largest mobile (digital) payment platform in 2013. As of June 2020, Alipay serves over 1.3 billion users and 80 million merchants. According to the statistics of the fourth quarter of 2018, Alipay has a 55.32% share of the third-party payment market in mainland China, and it continues to grow. History The service was first launched in 2003, by Taobao. The People's Bank of China, China's central bank, issued licensing regulations in June 2010 for third-party payment providers. It also issued separate guidelines for foreign-funded payment institutions. Because of this, Alipay, which accounted for half of China's non-bank online payment market, was restructured as a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lunar New Year
Lunar New Year is the beginning of a calendar year whose months are moon cycles, based on the lunar calendar or lunisolar calendar. The Lunar New Year as a celebration is observed by numerous cultures. It is also named " Chinese New Year" because it is a traditional festival in China. It is featured in East Asian cultural sphere countries, the Hindu-Buddhist calendars of South and Southeast Asia, the Islamic calendar and the Jewish calendar in the Middle East, and is also celebrated by the indigenous Nisga'a people of Canada. Celebrations East Asia * Chinese New Year ( or ) *Korean New Year ( * Japanese New Year ''(正月 Shōgatsu)'' (prior to 1873) * Ryukyu New Year * Vietnamese New Year ( vi, Tết Nguyên Đán; Hán-Nôm: 節元旦) China, Hong Kong, Taiwan, Vietnam, and South Korea celebrate the lunar new year in addition to the solar new year. Mongols and Tibetans celebrate New Year in February or early March, based on the closely related Mongolian and Ti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chen Guangbiao
Chen Guangbiao (; born July 1968) is a Chinese recycling entrepreneur and philanthropist. He is the founder and chairman of Jiangsu Huangpu Renewable Resources Limited Company and was reportedly worth US$810 million in 2013, according to the rankings of the Chinese wealth research firm, Hurun Report; although, Forbes estimated his wealth at US$400 million in January 2014, while the Associated Press published an estimate of US$750 million in June 2014. Chen became well known in China for personally rescuing 13 people as part of a broader involvement in the rescue effort following the 2008 Sichuan earthquake. Forbes Asia chose him as one of the 48 leading philanthropists of the Asia Pacific Region in both 2008 and 2009. Chen appeared in international headlines due to his high-profile, but unsuccessful, attempt to buy ''The New York Times'' in January 2014. Chen is also known for his publicity stunts and admitted in a January 2014 article in ''The Wall Street Journal'' that they ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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