A screenshot of a message page on the Wechat app telling the user he or she has won a hongbao, or "red envelope" via the app.  A screenshot of a message page on the Wechat app telling the user he or she has won a hongbao, or "red envelope" via the app.
A screenshot of a message page on the Wechat app telling the user he or she has won a hongbao, or "red envelope" via the app.
Doug Young
Opinion

Opinion

Corporate China by Doug Young

Alibaba, Sina cast envious eyes on Tencent's 'Hongbao'

A screenshot of a message page on the Wechat app telling the user he or she has won a hongbao, or "red envelope" via the app.  A screenshot of a message page on the Wechat app telling the user he or she has won a hongbao, or "red envelope" via the app.
A screenshot of a message page on the Wechat app telling the user he or she has won a hongbao, or "red envelope" via the app.
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