31 Jan '17, 10am

MOTHERSHIP | E-Hongbaos are all the rage in China these days, but only paper is saved.

MOTHERSHIP | E-Hongbaos are all the rage in China these days, but only paper is saved.

One of the highlights of every Chinese New Year (CNY) celebration is the giving out of hongbao (red packets with money) to the young. Here in Singapore, we still use nicely-designed paper red packets to practise this age-old custom. In China, however, technology has brought a new lease of life to the hongbao -giving tradition. Hongbao went virtual in China through social messaging app WeChat in 2014. The app links users’ mobile payment platforms, such as Tencent and Alipay, to their real-world bank accounts. This allows users to make e-payment transactions, such as the giving of hongbaos without the use of physical red packets. Red envelope wars Currently Tencent (owned by WeChat) and Alipay (owned by Alibaba) are widely regarded as China’s two market leaders in mobile payment. In the year of the Rooster, these two internet giants have gone head to head again by introducin...

Full article: http://mothership.sg/2017/01/e-hongbaos-are-all-the-rage-...

Tweets

Chinese #Luxury Shoppers’ Newest Destination: C...

worldoneconsulting.com 06 Feb '17, 10am

Infosys Ltd may end the practice of giving an annual revenue forecast because of the difficulties associated with estimati...

Change in China (And What It Means For Bitcoin)

Change in China (And What It Means For Bitcoin)

coindesk.com 30 Jan '17, 11am

Noelle Acheson is a 10-year veteran of company analysis, corporate finance and fund management, and is a member of CoinDes...

The last days of Empire

The last days of Empire

In the less threatening environment we live in today, it is probably difficult to appreciate what these desperate defender...

The latest #E63 S 4MATIC+ Estate sets new records in its class. See how:

The latest #E63 S 4MATIC+ Estate sets new recor...

mercedes-benz.com 03 Feb '17, 7am

In the new E 63 4MATIC+ Estate and E 63 S 4MATIC+ Estate, Mercedes‑AMG combines the brand’s hallmark Driving Performance w...