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China : CHINA TELECOM announces promotion offer

June 14, 2014

China Telecom has announced a promotion in regards with Alibaba Group's B2C e-commerce site Tmall and third-party payment processor Alipay.

As per the newly launched promotion, customers should agree to freeze a set amount of funds in Alipay's Yu'e Baomoney market investment product. In return, customers will get a free China Telecom contract handset.

As part of the agreement, users are only required to pay monthly service fees, and can withdraw their Yu'e Bao funds at the end of the set lock-up period.

Under this promotion offer, the operator is offering nearly 40 handset models.

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Source: TendersInfo (India)

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