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KUAISHOU-W to Give Away RMB2B in User Red Packets w/ RMB1B Product Subsidies for Double 11
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During its Double 11 merchant conference in Guangzhou, KUAISHOU-W (01024.HK) announced that it will pour RMB18 billion into traffic subsidies during the pre-festival period, and the total cycle traffic subsidies will reach over RMB100 billion. During the Double 11 festival, KUAISHOU-W will give away RMB2 billion in user red packets and provide RMB1 billion product subsidies, with an aim to help users, influencers, and merchants seize the festival's promotional benefits. AAStocks Financial News |
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