Subject + 现已 + Verb/Adjective
现已 (xiànyǐ) is a formal contraction of 现在已经, meaning "has now already" or "by now." It is used in written and news Chinese to concisely indicate that a situation or action has already been completed as of the present moment.
该项目现已完成全部测试工作。
gāi xiàngmù xiàn yǐ wánchéng quánbù cèshì gōngzuò.
This project has now completed all testing work.
嫌疑人现已被警方逮捕。
xiányírén xiàn yǐ bèi jǐngfāng dàibǔ.
The suspect has now been arrested by the police.
新版本现已上线,用户可以免费下载。
xīn bǎnběn xiàn yǐ shàngxiàn, yònghù kěyǐ miǎnfèi xiàzài.
The new version is now online, and users can download it for free.