Tencent inked cooperation agreement with paper maker Xiamen Anne (SH: 002235) to develop an open platform for paperless lottery. Xiamen Anne released a lottery app last year to increase the market share of paperless lottery (source in Chinese).

The Ministry of Finance (MOF) released Lottery Issuance and Marketing Management Measures at the beginning of this year, accrediting Internet and terminal marketing modes in addition to brick-and mortar stores and telephone lottery.

Tencent has become a favorite partner for paperless lottery concept enterprises thanks to its large user base. In addition to QQ Lottery, a special channel on QQ, the Internet juggernaut also teamed up with 8788.cn and 500.com. 500.com, a lottery website with more than 15 million users, planned to launch IPO on U.S. market for at least $150 million, according to people familiar with the matter (source in Chinese).

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.