Alibaba Group Joins List of E-commerce Platforms Connecting to Digital Renminbi Wallets


Jack Ma’s Alibaba has joined the fast growing list of Chinese e-commerce platforms that are making moves to permit use of the Digital Renminbi for payments purposes.

The latest round of updates to Digital Renminbi apps in China have added several of Alibaba’s platforms to the list of vendors that are connected with Digital Renminbi wallets, including online food delivery service, fresh produce seller Hema Xiansheng, and B2C online retail platform Tmall.

These platforms join a growing list of Internet commerce players integrating with the Digital Renminbi, including, Meituan, Tuniu and SF Express.

Digital lender MYBank – which is backed by Jack Ma’s Ant Group, has also seen its status change on the latest updated versions of Digital Renminbi apps, switching from grey to “clickable”

Once MYBank is fully integrated with the app it will join the ranks of other lenders that provide Digital Renminbi wallets, including all of the big state-owned banks such as Bank of China (BOC), China Construction Bank (CCB) and ICBC.