Chinese Tech Giants Offer Cash to Users Ahead of AI Model Releases
ByAinvest
Monday, Feb 2, 2026 5:37 am ET1min read
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Chinese tech giants Alibaba, Tencent, and Baidu are offering cash gifts to users in the form of digital "red envelopes" to promote their AI models before their upcoming releases. The move comes as the companies compete globally with their AI models, favored for their functionality and low cost. Alibaba's AI app will give out 3 billion yuan ($430 million) in red envelopes, while Tencent and Baidu are offering 500 million yuan and 1 billion yuan, respectively.
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