In 1999, shortly before the accession of China to the World Trade Organization, the People’s Bank of China issued the fifth edition of Renminbi banknotes, which are still in use, featuring a single portrait of Mao Zedong. The color tone of the largest denomination bill (100-Yuan) has been changed to a bright pink, in stark contrast to its greyish predecessor. The People’s Bank of China officially claimed it was “red” and the bill is jokingly known as the “red grandpa Mao.” Pink is often stereotyped as a “feminine color,” while the male leader’s portrait is supposed to represent a strong masculine character. On the other hand, as digital payment methods gradually replace cash payments, banknotes are becoming “invisible.” Interwoven with contemporary everyday images and historical materials, this essay film contextualizes and discusses the representation of the Mao-portrait on the banknotes and the crisis it is experiencing in the digital age.