Chinese tech giants Tencent and Baidu join fight for Spring Festival spotlight

China’s Spring Festival has emerged as a high-stakes arena for artificial intelligence and robotics companies, with tech giants Tencent Holdings and Baidu committing a combined 1.5 billion yuan (US$215 million) to their digital red packet campaigns. Chinese social media and gaming giant Tencent announced on Sunday that its AI chatbot app Yuanbao would give away 1 billion yuan in hong bao – the traditional red envelopes containing cash gifts. Users could win up to 10,000 yuan through lucky draws...