China Roundup: Binance to halt trading in Chinese yuan, and more

Binance to halt P2P yuan trading amid China’s ban on crypto transactions

• The service’s termination will be effective on December 31 of this year.
• Binance will also screen users, and those who are from mainland China will only be allowed to withdraw funds from the platform.
• The move follows Beijing’s blanket ban on all forms of crypto transactions in the country, including those offered by exchanges outside China.

JD.com ships out new on-demand delivery service through tie-up with logistic affiliate Dada Nexus

• Called Shop Now, the service ships products from stores within 3 kilometers to 5 kilometers in roughly one hour.
• Products that can be delivered through Shop Now include groceries, gadgets, and medical products, among others.
• Dada said in a statement that over 100,000 offline stores have signed up to the platform.