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Bridging the worlds of research and industry

Nidhi Juthani is a student in MIT’s PhD in Chemical Engineering Practice (PhDCEP) program, which allows her to obtain a doctorate and an MBA concurrently. The combination is a perfect fit for Juthani, who wants to pursue a career straddling scientific research and industry. ....

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China woos new digital yuan users in major push

A new policy plan by China’s State Council encourages the wider adoption of e-CNY, as consumer tech companies open their platforms to the sovereign digital currency. ....

Digital Yuan , E Cny ,

China's digital yuan expands from consumer payments to business scenarios


China s digital yuan expands from consumer payments to business scenarios
Zhang Hongpei Published: Apr 26, 2021 09:08 PM
China s central bank and the municipal government of Suzhou help JD.com test the digital currency for online shopping in December 2020. Photo: Courtesy of JD.com
The application of China s Digital Currency Electronic Payment (DC/EP), also known as digital yuan, which has already been on a fast development track since last year, is taking another critical step forward with new scenarios in the business-to-business segment and wage payments.
JD.com Inc, the country s second-largest online retailer, showed for the first time how it uses digital yuan for its payroll, as well as pilot applications and digital solutions for corporate payments for its supply chain partners, during the fourth Digital China Summit that kicked off on Sunday in Fuzhou, capital of East China s Fujian Province. ....

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