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JD.com wins Spring Festival Gala partnership, following ByteDance, Tencent, and Alibaba, in sign of political approval
- JD.com is CCTV’s official partner for the most-watched television broadcast in the country, when it will give away cash as virtual red packets
- The partnership has become a sign of both financial power and political approval, which the company has maintained amid China’s crackdown on Big Tech
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Chinese e-commerce giant JD.com has secured a deal to serve as the exclusive partner of state broadcaster China Central Television (CCTV) to give away cash as virtual red packets at this year’s Spring Festival Gala, the country’s most-watched television broadcast.
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The partnership is often seen as a barometer of financial power and a political blessing from Beijing. The 2021 partnership went to Douyin, the Chinese version of TikTok that is also owned by ByteDance, after being pulled from Pinduoduo at the last minute, as the social e-commerce firm was beset by scandals of employee suicides and long working hours.
JD.com, founded by billionaire Richard Liu in 1998, will give away digital red packets and gifts worth 1.5 billion yuan (US$236 million) during an interactive campaign running from January 24 to February 15, according to a statement the company published on Wednesday on its official WeChat account.
JD.com has remained largely unscathed by the central government’s crackdown on the technology sector over the past year, apart from having to scrap an initial public offering of its fintech unit JD Technology last April. The company’s support for government campaigns, including the provision of logistics services for Covid-19 control efforts, has helped it win government support.
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The latest sign of this goodwill is JD.com’s participation in the gala that has been a Lunar New Year’s Eve tradition for millions of Chinese families since it started in 1983. Last year, it was viewed by more than 1.27 billion people on TV and streamed online in more than 170 countries, according to People’s Daily, the official newspaper of the Communist Party.
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