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One of the major e-commerce companies in China JD.com has started paying employees in digital yuan.
The online retailer made this known in a post while also announcing that it would be taking part in the one-year Digital Currency/Electronic Payment (DC/EP) trial show at the fourth digital China summit happening in Fuzhou. The show is slated to hold from April 25 to 26.
JD’s Active Role In Digital Yuan Trials
Since September 2020, JD has provided technology and service support for DC/EP trial programs in Suzhou, Beijing, and Chengdu. This is part of its functions under the partnership signed with the Digital Currency Institute of The People’s Bank of China (PBoC).
Regulators investigate e-commerce platform 19:31 UTC+8, 2021-04-26 0
Meituan says it will cooperate with any investigation after the State Administration for Market Regulation announces it has launched an investigation based on a tip-off. 19:31 UTC+8, 2021-04-26 0
China s top market regulator has launched an investigation into e-commerce platform Meituan for suspected monopoly acts.
The investigation is based on a tip-off, the State Administration for Market Regulation said on Monday.
Meituan said it will cooperate with any investigation and improve the management of its businesses to abide by regulations. Source: SHINE Editor: Cai Wenjun
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