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TENCENT Yuanbao to Launch 'Spring Festival RMB1B Cash Distribution' Event on 1 Feb
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TENCENT (00700.HK) officially announced a Notice on the RMB1 Billion Cash Distribution for the Spring Festival saying that the Spring Festival event will be launched on Sunday (1 February). Users can distribute RMB1 billion in cash red envelopes on the Yuanbao App, with individual red envelopes potentially reaching RMB10,000.

Users must update the Yuanbao App to version 2.55.0 or above and click on the reservation card on the homepage to enter the Spring Festival reservation page, the notice added. Users who reserve in advance will receive an additional 10 lottery chances on the day the event starts.

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