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China, which has been accelerating its efforts to drive the adoption of its CBDC, has undertaken a new experiment, coloured in traditions, to get more people to use the e-CNY. The Chinese authorities have introduced a feature for existing CBDC users that would enable them to send money to their friends and family as ‘red packets'. Considered as a symbol of ‘good luck', the ‘red packets' — also called the ‘Hongbao' — are used for presenting people with money as a gesture of luck. Unlike most parts of the world, China celebrates its New Year on January 22. The country, hence, has released this CBDC promotional strategy keeping the margin of a month in advance. China's dedicated app for the e-CNY CBDC, will let users send red packet to one person at a time. Users also have an option to establish a ‘lucky draw' that could earn the nominees a random amount from a pool of funds. WeChat Pay and Alipay — other online payment service providers in China — are also o

Redmi Watch 3 and Redmi Band 2 were launched in China on December 27, Tuesday. These new wearables were unveiled alongside the flagship Redmi K60 series. The Redmi Watch 3 gets a 1.75-inch AMOLED display with a 60Hz refresh rate. This smartwatch features 121 sports modes, including 10 built-in running courses. It also comes with support for five major satellite positioning systems. Redmi also revealed the Redmi Band 2, which has a 1.47-inch TFT LCD screen. This fitness band comes with features like blood oxygen tracking, 24/7 heart rate monitoring, and sleep monitoring. Redmi Watch 3, Redmi Band 2 price, availability The Redmi Watch 3  has gone on sale in China at CNY 599 (roughly Rs. 7,000). This smartwatch comes in Elegant Blank and Ivory White colours. Meanwhile, the Redmi Band 2  is priced at CNY 159 (roughly Rs. 2,000). It is available in Midnight Black and Dream White colours. Redmi has not delved into details regarding the global availability of these wearables. Redmi Watc