AI applications are also adopting traffic subsidy strategies. - Tencent Yuanbao will distribute 1 billion RMB in red envelopes as incentives during the Lunar New Year, and users can make reservations by downloading and opening the app. - Baidu also announced a 500 million RMB red envelope sharing event. Not sure if Doubao will also launch one, but currently the leading AI in the country with over 170 million monthly active users. Developing AI is really money-burning; domestic AI relies on subsidies, and ChatGPT still needs to earn revenue through advertising🤓