An ad for e-CNY seen at the China International Fair for Trade in Services (CIFTIS) in Beijing, August 31, 2022. Photo: AP
An ad for e-CNY seen at the China International Fair for Trade in Services (CIFTIS) in Beijing, August 31, 2022. Photo: AP

China digital currency: Alipay gives e-CNY a lift by offering it as express payment option on Alibaba’s e-commerce platforms

  • Ant, which is affiliated with Alibaba, is undergoing a business restructuring to comply with regulations imposed by China’s central bank
  • Since the start of the e-CNY initiative, total transactions using the digital yuan have reached 100 billion yuan (US$14 billion)

An ad for e-CNY seen at the China International Fair for Trade in Services (CIFTIS) in Beijing, August 31, 2022. Photo: AP
An ad for e-CNY seen at the China International Fair for Trade in Services (CIFTIS) in Beijing, August 31, 2022. Photo: AP
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