China digital currency: Shenzhen hands out e-CNY vouchers worth US$4.5mil via Internet platform Meituan

Winners will receive a virtual ‘red packet’, a traditional Chinese symbol of good fortune, containing 88, 100 or 128 yuan of the digital currency. Shenzhen is one of the first cities in the country to launch trials of the e-CNY, officially called Digital Currency Electronic Payment. — SCMP

Shenzhen will hand out e-CNY vouchers worth 30 million yuan (US$4.5mil or RM19.72mil) via local service giant Meituan, in the latest example of cooperation between China’s digital currency and the country’s major Internet service providers.

Chinese citizens living in the southern Chinese city registered for the first round of the lottery through the Meituan app between Monday and Wednesday this week, with the results to be announced on Thursday. The second round starts on June 9, according to the lottery page on the app.