Employees of Alibaba, Xiaomi, Baidu are on the wave: WeChat Pay rewards 10-month Tet bonus, each person receives more than VND 600 million

Tencent’s WeChat Pay division won a $ 28.5 million prize from the founders of a company called Founders Award held at the annual review ceremony.

With the current number of 1,000 members, this means that each employee will receive about 28,500 USD (about 660 million VND), plus a 10-month Tet bonus.

This year’s Founders Award was first revealed on social media by a user who appeared to be a Tencent employee. This was quickly discussed among the staff of leading technology companies in China such as Alibaba, ByteDance and Xiaomi. An Alibaba employee even described himself as “stupid” when he refused an offer to work for WeChat Pay while a Baidu employee commented “Jealous”.

By the end of 2018, Tencent announced that it had 54,309 employees and the total remuneration of the group amounted to 42.2 billion yuan. This shows that the average annual salary at Tencent reaches 776,120 yuan / person or about 64,676 yuan per month. According to Chinese media, the average monthly salary in China was 8,452 yuan (about US $ 1,228) in 37 major cities in the second quarter of 2019. The same figure in some megacities like Beijing, Shanghai and Shenzhen is 10,000) NDT.

WeChat Pay – launched in August 2013 has grown rapidly to compete with Alipay. These two payment platforms dominate over 90% of the mobile payment market in China. Alipay now has more than 53% market share in Q1 2019 while Tencent accounts for 40%.

WeChat Pay allows international travelers to China to access a variety of services and payment options by partnering with Visa, Mastercard, American Express, Discover Global Network and JCB Japan. Moreover, WeChat Pay is also available in 49 markets outside of China, supporting payment of 16 different currencies.

Founders Award was established by Tencent to honor “the people who represent the founder’s spirit by achieving outstanding success milestones”. The mobile game group Honor of Kings won the Founders Award in 2017.

In addition to the Founders Award, members of the Tencent Cloud group were also honored at this year’s closing ceremony and each of them received an iPhone 11 Pro worth 10,000 yuan in the context that the revenue of this segment exceeded 10 billion yuan. last year.