JD.com, Inc (NASDAQ: JD) reported fourth-quarter FY22 revenue growth of 7.1% year-on-year to $42.84 billion, beating the consensus of $42.73 billion. JD Segment Performance: JD.com’s net product...
Tag: RMB
China arrests 93 people suspected of laundering 40B RMB via crypto
China’s Hengyang County Public Security Bureau arrested 93 suspects involved in laundering 40 billion RMB via cryptocurrencies, local media reported on Sept. 25. According to the report, the criminal ...
China Guangzhou Public Transport Launches Digital RMB Payment Function
China’s Guangzhou became the first city to launch a pilot function of a digital RMB payment code to pay for bus rides. Passengers can now use the digital yuan (e-CNY) CBDC to pay for public tran...
WeChat To Support Digital RMB Pilot Payment Functions
China’s WeChat app will support digital yuan payments as it joins the pilot program. The program for the CBDC recently expanded to include 11 more cities. China’s popular social media app WeChat will ...
Chinese Giant Meitu Receives ETH Profits of RMB 425.6 Million, Loses Funds on Bitcoin
Yuri Molchan Meitu saw a 39.5% income increase by the end of 2021, thanks to their Ethereum investment, and lost money on Bitcoin Contents Meitu invests in Bitcoin and Ethereum ETH investment brings $...
Digital RMB Wallet Reaches 20% Adoption in China Ahead of Winter Olympic Trial
About 261 million digital wallets for China’s digital RMB digital currency have been set up, according to state media reports. The asset is set to be used in the upcoming 2022 Winter Olympics in Beiji...