As the exclusive “red packet” partner for next year’s Spring Festival Gala, Chinese short video app Kuaishou will pour 1 billion yuan (US$143 million) of cash into a red packet campaign for Lunar New Year next year, it announced on Wednesday.
Since 1983, watching at least part of China Central Television’s (CCTV)’s Spring Festival Gala has been a national tradition for families in China. Last year, the programme – dubbed “China’s Super Bowl” and recognised in the Guinness World Records as the most-watched national network TV broadcast – attracted over 1.1 billion viewers at home and abroad.