# AI red packets

AI Red‑Packet War Sends Hong Kong Tech Stocks Tumbling, Tencent Shares Slide Nearly 5%

China’s internet giants have deployed more than RMB4 billion in AI‑themed red‑packet campaigns ahead of Lunar New Year, prompting a sell‑off in Hong Kong technology stocks. Tencent fell nearly 5% as investors weighed rapid user‑acquisition tactics against margin pressure and uncertain monetisation timelines.