Beijing News You Might Have Missed this Week, Jul 3

Original Joey Knotts theBeijinger 2021-10-19

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Beijing is a happening city! Don't miss a thing with our weekend roundup of the latest news.

Workers’ Stadium return time set: Last year, Workers Stadium was flattend to make room for a new and improved version of itself, leaving us to wait for its return only knowing that it had a deadline of July 2023 so that is can host the opening ceremony of the AFC Asian Cup. This week, however, we learned that it will be open to the public even earlier, swinging open its doors by December 2022.

Subway accepts digital RMB: Some foreigners with eligible bank accounts may have already set up their digital RMB wallet, but for now only select retailers are accepting the currency. However, you can add the Beijing Subway to that gradually growing list. Despite its historical sluggishness to adopt new payment methods, Beijing’s transit authority is ahead of the game on this one. To use digital RMB on the subway, select 亿通行 (yìtōngxíng) in your digital RMB wallet app.

Asia’s biggest wholesale market: Beijing’s business operators take heed: the largest wholesale market in Asia is about to open in Chaoyang. After five years of construction, the market is expected to open in the next couple of months and will serve as a competitor to Xinfadi, meaning that much of your daily produce and grocery goods will likely pass through this mega market.

Didi launches IPO: Beijing-based rideshare company Didi Chuxing managed to raise USD 4.4 billion with its Wall Street IPO. After an initial bump in the price following the offering, the stock price quickly settled back down just one percent above the IPO. The offering is seen as sign that the company may be looking to expand its services abroad, so you may soon be taking Didi on your international travels as well as here in China.

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