Alibaba’s domestic market, Taobao, is on the method to handing out red packages worth an overall of RMB 1 billion ($140 million) that might be utilized for shopping on both Taobao and Tmall platforms within the given duration, the business stated on Monday. Starting on Feb. 5, the bonus-accumulating project lasts for 12 days, with users making more money benefits of approximately RMB 1,888 by sharing relate to good friends. Taobao and JD, Chinese leading e-commerce gamers, are significantly offering genuine cash aids to tempt consumers, while a low-price technique stays their primary functional focus due to competing Pinduoduo revealing no indication of stagnancy in high income development rates.[[Taobao, in Chinese]
Taobao offers $140 million red packets to shoppers, boosting user engagement and sales
