WeChat team released its 2025 Spring Festival data report saying that WeChat's blue packet debuted in 2025 Spring Festival. During the Spring Festival, there was a strong demand for “sending gifts” to friends on WeChat, with the top 3 provinces receiving the highest number of gifts being Guangdong, Shandong and Zhejiang. Of which, orders for low-priced but festive items, such as snacks, candies/ chocolates, plush/ cloth art, were robust. Books, as the dark horse player, became many people's first choice for gift-giving, with orders for various book categories, including classics and baby book, spiking over 100x MoM.Related News HSBC Research Maintains TENCENT (00700.HK) TP at HKD750, Positive on AI Monetization Potential
AASTOCKS Financial News