TENCENT(HK:00700) Xin Lang Cai Jing·2026-02-02 05:20Group 1 - Alibaba's Qianwen APP has launched a 30 billion yuan "Spring Festival Treat Plan," marking the largest investment in a Spring Festival activity in Alibaba's history, set to officially launch on February 6 [2] - Tencent announced a 10 billion yuan cash giveaway through its Yuanbao APP, with the activity starting on February 1, aiming to recreate the success of the WeChat red envelope feature from 2015 [2][3] - Tencent's Yuanbao APP quickly rose to the top of the free apps chart on the Apple Store, despite experiencing temporary instability due to a surge in traffic [3] Group 2 - Baidu has initiated a 5 billion yuan Spring Festival red envelope activity, incorporating AI interactions and creative gameplay to engage users [3] - ByteDance's Volcano Engine has become the exclusive AI cloud partner for the 2026 Spring Festival Gala, with its intelligent assistant Doubao set to launch various interactive features [3]