Altcoins
Digital yuan sales during Lunar New Year up from last year, online retailers say
Digital yuan sales at online retail platforms in China have surged during the Lunar New Year holidays fueled by local governments' red packet coupons.
Tom Zuo
Lens
JD.com
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Regulation
China’s Ant Group, Tencent, Baidu, JD.com push for NFT self-regulation
Chinese tech giants including Ant Group, Tencent, Baidu and JD.com are joining yet another self-disciplinary initiative on eliminating speculation of non-fungible tokens (NFTs), also known as “digital collectibles.” See related article: China’s diktat against NFT flipping spawns an ingenious industry Fast facts The companies pledged to resist secondary trading and ensure real-name identification in a […]
Timmy Shen
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Bitcoin News
JD.com tops US$60 mln in digital yuan sales in 618 shopping festival
Chinese online retail platform JD.com reported 400 million yuan (US$60 million) in digital yuan sales at the “618” shopping festival, accounting for about 0.1% of the event’s total sales. See related article: Double Eleven: 240,000 orders by e-CNY on top e-commerce platform Fast facts See related article: China’s zero-Covid policy realigning global economy, financial markets
Ningwei Qin
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Regulation
Double Eleven: 240,000 orders by e-CNY on top e-commerce platform JD.com
More than 100,000 consumers used China’s central bank digital currency (CBDC) to make some 240,000 purchases on China’s top e-commerce platform JD.com on the annual shopping festival Double 11 [11.11], according to the platform’s report. Yet that is likely only a fraction of total Nov. 11 digital sales. Fast facts Double11 refers to a Chinese […]
Ningwei Qin
