Chengdu, Sichuan province, issued 200,000 digital red envelopes starting from 8 a.m. on Feb. 24 to 12 p.m. on Feb. 25, making the western city the fourth to issue digital currency, according to a notice released by the Chengdu Municipal Financial Regulatory Bureau.
Jointly organized by the Chengdu municipal government and the Chengdu Branch of the People's Bank of China, it issued 200,000 digital red envelopes of e-CNY — China's digital currency — totaling 40 million yuan ($6.2 million).
Anyone working or living in Chengdu can apply for the envelopes, which have two face values — 178 yuan and 238 yuan. Whether an applicant can get one (or which face-value) will be determined by lottery, the bureau said.
After winning a digital red envelope of e-CNY, the lucky winner can spend the digital money in more than 11,000 stores in Chengdu that can accept e-CNY as well as in the Jingdong Mall.
One of the first e-CNY pilot cities, Chengdu is the fourth to issue digital red envelopes after Shenzhen, Guangdong province, Suzhou, Jiangsu province, and Beijing.
The total sum of its envelopes is the highest of the other three cities, and more envelopes will be given than in the others.
Of the 40-million-yuan e-CNY red envelopes, 30 million yuan is from the Chengdu government. The rest is from the e-commerce giant Jingdong (JD.com).
Journalists gather in Chengdu for interview tour
Photographers and journalists from major Asian media organizations gathered in Chengdu for the launch event of an interview tour of the city on Wednesday.
Oct 19, 2014
Chengdu Media Group Explores Gomel
On May 3 (local time), a group of Chengdu media professionals, who were members of a Chinese media delegation to Belarus, made a visit to Gomel, Belarus, where they interviewed representatives from several local companies and communicated in depth with a couple of government officials of the city and Gomel Region.
May 15, 2017
Chengdu Tops China’s New First-tier Cities in Business Attractiveness for 5th Straight Year
According to the latest business attractiveness ranking for Chinese cities, released May 29 by a research institute under the Chinese financial media outlet China Business Network, which focuses on the new first-tier cities in China, Chengdu ranks fifth among 337 cities in the Chinese mainland, topping the new first-tier cities for fifth consecutive year.