$TCEHY $BABA $EDU $COF $HAL: Chinese Often Send Money to Each Other Over the Lunar New Year. That Was a Big Opportunity for Alibaba and Tencent.

Date: Sunday, January 19th, 2020

Stock(s) mentioned: , , , ,

Source: Barron’s (https://www.barrons.com)

Summary: Seven years ago, the two big China tech giants introduced mobile payments for the exchange of cash gifts—so-called red envelopes. Now the pair continue to compete to increase and engage users.

Full article address: https://on.barrons.com/2FYQCIv

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