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South China Morning Post

South China Morning Post

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ByteDance staff to lose 'lucky money' perk from 2026, but gain improved medical benefits

South China Morning Post
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ByteDance , parent company of TikTok and Douyin , will end Lunar New Year tradition of giving red packets to employees from 2026 .

The change is meant to sort out differences between "incentives" and "welfare" The Beijing -based company will still issue them this year , in amounts ranging from hundreds to thousands of yuan for each employee based on tenure.