Saturday, August 20, 2022

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

Nikkei Asia:
A look at the challenges ahead for China's digital yuan, as e-CNY total transaction volume reached $12.3B in May and ~4.6M merchants across China now accept it  —  Expansion will require new rules and huge investment in datacenters and other infrastructure  —  In three years of experiments …



No comments:

Post a Comment

Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...