Knowledge Base

Answer All Your Questions about Taobao, Weidian and Shopping from China. Search previously asked questions or browse by category below.

What is the currency?

The Chinese currency is Yuan, abbreviated CNY. Symbol: ¥

In other contexts you might find the term Renminbi, commonly abbreviated rmb.

For easy, tangible comparisons inside our international community we usually refer to prices in USD ($).

One common mistake is that people convert USD to Yen, the Japanese currency. The name might sound similar, but the conversion rate is very different, it's worth a lot less than CNY or USD. You need to make sure you convert to Chinese Yuan (CNY).


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