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China Tech Buzz

Global News Impacting Chinese Tech

A look at the challenges ahead for China’s e-CNY, as total transaction volume reached $12.3B in May and ~4.6M merchants across China now accept the digital yuan

News Snapshot:

– Mercer Monthly newsletter: Mercer plans COVID vaccine clinic for kids 6 months to… continued Expansion will require new rules and huge investment in data centers and other infrastructure Nikkei Asia In three years of experiments, China’s central bank has made significant progress in developing its central currency. Total transactions since late 2019 reached 83 billion yuan ($12.3 billion) as of the end of May. Nearly 4.6 million merchants across China have come to accept the digital yuan, known as the e-CNY, as payment. People have used it for shopping, dining, personal finance and business uses such as paying taxes…

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