Following U.S. digital money transfer platform PayPal’s acquisition of Chinese licensed payment company GoPay in 2019, PayPal made another move to hold the full equity of GoPay today.
Futian District in the city of Shenzhen issued 20 million digital yuan to eligible local citizens in 100,000 red envelopes, each with a value of 200 yuan, marking the second time the city of Shenzhen participated in an official e-yuan pilot in the form of red envelopes.
The digital currency trial in the city of Suzhou came to an end on Dec. 27 at midnight, Beijing local time, which lasted for two weeks starting from Dec. 11.
The city of Shenzhen has selected 50,000 individuals to participate in its digital yuan “red packets” pilot program, according to the local government.
Some civil servants have already received part of their salary in the form of digital currency in Suzhou, according to Chinese state-owned media.
ByteDance's advertising and marketing platform Ocean Engine is looking for e-commerce vendors and partners to grow its e-commerce platform on Douyin.
Simon Hu, CEO of Ant Financial, Alipay’s rebranded parent company, announced that Alipay plans to upgrade from merely a financial service platform to a digital life service platform within the next three years.
LEGO Group and Tencent announced a renewed MoU on strategic cooperation to further consolidate and expand their collaboration in the field of digital play experiences for children.
On March 5, the first session of the 13th National People's Congress (NPC) opened in Beijing's Great Hall of People. NPC members Pony Ma, Wang Yaping, and Xu Liyi were interviewed by media.