Chinese New Year news and trends

Red Envelopes, Fortnite And The Rise Of Micro Money Laundering
Fraud Attack // February 08, 2019

One of the main differences between a successful criminal and a wanna-be is that the smart one knows how to hide (often in plain sight), and use methods that often seem more mundane than dramatic — despite what Hollywood has trained us to believe over the...

Why Retail Wishes Every Year Could Be The Year Of The Dog
Merchant Innovation // February 17, 2018

Yesterday marked the beginning of the Chinese New Year, and this year it’s the Year of the Dog. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

WeChat Pay Launches Promotion For Chinese Lunar New Year
EVO Payments International // February 16, 2018

WeChat Pay, the mobile payment arm of China’s WeChat, is running promotions to celebrate the Chinese Lunar New Year, also referred to as the Spring Festival. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Red Envelopes, Pokemon And A Whole New Way For Alibaba And Tencent To Compete
South East Asia // January 30, 2017

The Chinese New Year is upon us — and as is their annual custom, Tencent and Alibaba are competing to see which firm can own the hongbao game. For those unfamiliar, hongbao is the name for the tradition of gifting red envelopes with money inside. Get the...

Interviews & Exclusives
The Lunar New Year Commerce Explosion Hits China (And Beyond)

January 24, 2020
In 2019, Chinese consumers spent $149 billion across the Chinese New Year holiday, according to China’s Ministry of Commerce — a sum widely expected to be exceeded in 2020 to the tune of $156 billion. It is among the reasons why the holiday is most commonly referred to in the U.S. as the Chinese New […]

Quick Reads
WeChat Pay Launches Promotion For Chinese Lunar New Year

February 16, 2018
WeChat Pay, the mobile payment arm of China’s WeChat, is running promotions to celebrate the Chinese Lunar New Year, also referred to as the Spring Festival. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily […]

Red Envelopes, Pokemon And A Whole New Way For Alibaba And Tencent To Compete

January 30, 2017
The Chinese New Year is upon us — and as is their annual custom, Tencent and Alibaba are competing to see which firm can own the hongbao game. For those unfamiliar, hongbao...

Retail In China Suffers From New Year’s Hangover

February 19, 2016
While sales surrounding China’s Lunar New Year gave some retailers reason to celebrate, that was not the case for all of them. Get the Full Story Complete the form to...

WeChat Rings In Chinese New Year With Bitcoins

February 26, 2015
Bitcoin users in China stuffed the cryptocash into virtual red envelopes to the tune of 10 million yuan ($1.6 million) over the Chinese New Year/Spring Festival holiday, Tech in Asia...