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Hero MemberActivity: 728Merit: 500 Questions to our Chinese friends about current taobao sellers accepting bitcoin May 07, 2013, 08:01:17 AM #1 Quote from: el_rlee on May 07, 2013, 04:23:48 AM some taobao sellers started to accept bitcoin



How many sellers accepting bitcoins there? Any major sellers? Do you see a trend?

I suppose btchina.com is their CNY price reference (which so far follows Gox with some delay).

How do they protect themselves from the fluctuations in value of bitcoins?

Do they have a price in bitcoins and one in CNY?

Do they use some automatic conversion system, e.g. BitPay-style?



I'm trying to evaluate the real relevance of that fact, once the rumors of last weekend are fading.

(for westerners: taobao is one of the biggest Chinese marketplaces)

Thanks How many sellers accepting bitcoins there? Any major sellers? Do you see a trend?I suppose btchina.com is their CNY price reference (which so far follows Gox with some delay).How do they protect themselves from the fluctuations in value of bitcoins?Do they have a price in bitcoins and one in CNY?Do they use some automatic conversion system, e.g. BitPay-style?I'm trying to evaluate the real relevance of that fact, once the rumors of last weekend are fading.(for westerners: taobao is one of the biggest Chinese marketplaces)Thanks <=== INSERT SMART SIGNATURE HERE ===>

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Full MemberActivity: 238Merit: 100 Re: Questions to our Chinese friends about current taobao sellers accepting bitcoin May 07, 2013, 09:40:25 AM

Last edit: May 07, 2013, 09:52:16 AM by ronaldlee0917 #3

http://big5.xinhuanet.com/gate/big5/news.xinhuanet.com/info/2013-05/07/c_132363788.htm

(You may need a proxy to view the original page)



Here are the key points concerning Taobao:

1. 淘寶網店也是兌換的主要場所。在淘寶網上輸入關鍵詞比特幣，能搜索到近240家做比特幣兌換生意的店鋪，同時也有少量店鋪開始接受用比特幣支付。

Some Taobao shops are also important Bitcoin exchanges. If you search for "Bitcoin" on Taobao, you can find nearly 240 shops doing business in Bitcoin exchange, also a small number of shops are accepting payments in Bitcoins.



2. 這些店鋪有的位于北京、上海等一線城市，有的位于山東泰安、廣西玉林、江蘇淮安等二、三線城市。記者注意到，淘寶一家專門出售古董首飾的5R古董小店就接受比特幣支付，店主表示他很看好比特幣，相信未來會有更多的人加入使用比特幣。

These shops are located in Beijing, Shanghai and top cities alike and also in some 2nd or 3rd tier cities in ShanDong, GuangXi and Jiangsu. The reporter has also noticed that one of them is a vintage jewelry shop called 5R Antique, its owner said he saw the potential of Bitcoin and believed that there would be more and more people using Bitcoin.



You can buy things with Bitcoins on Taobao as of today (This list is compiled by me, not cited from the article)

1. Shoes

2. pesticides

3. microphones

4. phone protection coat

5. cds/ dvds

6. backpack

7. wall decorations

8. outdoor blankets

9. spectacles

10. shirts

11. underwears

12. mobile phone(crappy one though)

13. astronomical telescope

14. Toys

15. LED bulbs

(This list is compiled from the first 5 out of the 20 result pages, I don't have the patience to check each page, please forgive me )

The shops as seen are mostly mid-size and small shops.

There are also numerous shops selling mining rigs, MtGox coupons and Bitcoin-related stuff.



Whether you interpret this as an hype or a good news is entirely up to you.

But personally, I don't regard something real and existing as hype.



Quote How do they protect themselves from the fluctuations in value of bitcoins? About how they manage the fluctuation in price, I would also want to know too, maybe as the shop owner in that article said, they see the true potential and a long-term uptrend of Bitcoin, so they might be comfortable with the short-term price fluctuation.



Quote Do they have a price in bitcoins and one in CNY? Yes, both. Here is an article from xinhuanet today on the Bitcoin usage in Taobao - the Ebay of China.(You may need a proxy to view the original page)Here are the key points concerning Taobao:1. 淘寶網店也是兌換的主要場所。在淘寶網上輸入關鍵詞比特幣，能搜索到近240家做比特幣兌換生意的店鋪，同時也有少量店鋪開始接受用比特幣支付。Some Taobao shops are also important Bitcoin exchanges. If you search for "Bitcoin" on Taobao, you can find nearly 240 shops doing business in Bitcoin exchange, also a small number of shops are accepting payments in Bitcoins.2. 這些店鋪有的位于北京、上海等一線城市，有的位于山東泰安、廣西玉林、江蘇淮安等二、三線城市。記者注意到，淘寶一家專門出售古董首飾的5R古董小店就接受比特幣支付，店主表示他很看好比特幣，相信未來會有更多的人加入使用比特幣。These shops are located in Beijing, Shanghai and top cities alike and also in some 2nd or 3rd tier cities in ShanDong, GuangXi and Jiangsu. The reporter has also noticed that one of them is a vintage jewelry shop called 5R Antique, its owner said he saw the potential of Bitcoin and believed that there would be more and more people using Bitcoin.You can buy things with Bitcoins on Taobao as of today (This list is compiled by me, not cited from the article)1. Shoes2. pesticides3. microphones4. phone protection coat5. cds/ dvds6. backpack7. wall decorations8. outdoor blankets9. spectacles10. shirts11. underwears12. mobile phone(crappy one though)13. astronomical telescope14. Toys15. LED bulbs(This list is compiled from the first 5 out of the 20 result pages, I don't have the patience to check each page, please forgive meThe shops as seen are mostly mid-size and small shops.There are also numerous shops selling mining rigs, MtGox coupons and Bitcoin-related stuff.Whether you interpret this as an hype or a good news is entirely up to you.But personally, I don't regard something real and existing as hype.About how they manage the fluctuation in price, I would also want to know too, maybe as the shop owner in that article said, they see the true potential and a long-term uptrend of Bitcoin, so they might be comfortable with the short-term price fluctuation.Yes, both.

- A new protocol layer built on top of Bitcoin Donation: 18zXsfnSvGjQFJ6pEiKMg2uWGcxUCfJLzu Mastercoin - A new protocol layer built on top of Bitcoin

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LegendaryActivity: 1764Merit: 1002 Re: Questions to our Chinese friends about current taobao sellers accepting bitcoin May 07, 2013, 09:57:47 AM #4 Quote from: ronaldlee0917 on May 07, 2013, 09:40:25 AM

http://big5.xinhuanet.com/gate/big5/news.xinhuanet.com/info/2013-05/07/c_132363788.htm

(You may need a proxy to view the original page)



Here are the key points concerning Taobao:

1. 淘寶網店也是兌換的主要場所。在淘寶網上輸入關鍵詞比特幣，能搜索到近240家做比特幣兌換生意的店鋪，同時也有少量店鋪開始接受用比特幣支付。

Some Taobao shops are also important Bitcoin exchanges. If you search for "Bitcoin" on Taobao, you can find nearly 240 shops doing business in Bitcoin exchange, also a small number of shops are accepting payments in Bitcoins.



2. 這些店鋪有的位于北京、上海等一線城市，有的位于山東泰安、廣西玉林、江蘇淮安等二、三線城市。記者注意到，淘寶一家專門出售古董首飾的5R古董小店就接受比特幣支付，店主表示他很看好比特幣，相信未來會有更多的人加入使用比特幣。

These shops are located in Beijing, Shanghai and top cities alike and also in some 2nd or 3rd tier cities in ShanDong, GuangXi and Jiangsu. The reporter has also noticed that one of them is a vintage jewelry shop called 5R Antique, its owner said he saw the potential of Bitcoin and believed that there would be more and more people using Bitcoin.



You can buy things with Bitcoins on Taobao as of today (This list is compiled by me, not cited from the article)

1. Shoes

2. pesticides

3. microphones

4. phone protection coat

5. cds/ dvds

6. backpack

7. wall decorations

8. outdoor blankets

9. spectacles

10. shirts

11. underwears

12. mobile phone(crappy one though)

13. astronomical telescope

14. Toys

15. LED bulbs

(This list is compiled from the first 5 out of the 20 result pages, I don't have the patience to check each page, please forgive me )

The shops as seen are mostly mid-size and small shops.

There are also numerous shops selling mining rigs, MtGox coupons and Bitcoin-related stuff.



Whether you interpret this as an hype or a good news is entirely up to you.

But personally, I don't regard something real and existing as hype.



Quote How do they protect themselves from the fluctuations in value of bitcoins? About how they manage the fluctuation in price, I would also want to know too, maybe as the shop owner in that article said, they see the true potential and a long-term uptrend of Bitcoin, so they might be comfortable with the short-term price fluctuation.



Quote Do they have a price in bitcoins and one in CNY? Yes, both.

Here is an article from xinhuanet today on the Bitcoin usage in Taobao - the Ebay of China.(You may need a proxy to view the original page)Here are the key points concerning Taobao:1. 淘寶網店也是兌換的主要場所。在淘寶網上輸入關鍵詞比特幣，能搜索到近240家做比特幣兌換生意的店鋪，同時也有少量店鋪開始接受用比特幣支付。Some Taobao shops are also important Bitcoin exchanges. If you search for "Bitcoin" on Taobao, you can find nearly 240 shops doing business in Bitcoin exchange, also a small number of shops are accepting payments in Bitcoins.2. 這些店鋪有的位于北京、上海等一線城市，有的位于山東泰安、廣西玉林、江蘇淮安等二、三線城市。記者注意到，淘寶一家專門出售古董首飾的5R古董小店就接受比特幣支付，店主表示他很看好比特幣，相信未來會有更多的人加入使用比特幣。These shops are located in Beijing, Shanghai and top cities alike and also in some 2nd or 3rd tier cities in ShanDong, GuangXi and Jiangsu. The reporter has also noticed that one of them is a vintage jewelry shop called 5R Antique, its owner said he saw the potential of Bitcoin and believed that there would be more and more people using Bitcoin.You can buy things with Bitcoins on Taobao as of today (This list is compiled by me, not cited from the article)1. Shoes2. pesticides3. microphones4. phone protection coat5. cds/ dvds6. backpack7. wall decorations8. outdoor blankets9. spectacles10. shirts11. underwears12. mobile phone(crappy one though)13. astronomical telescope14. Toys15. LED bulbs(This list is compiled from the first 5 out of the 20 result pages, I don't have the patience to check each page, please forgive meThe shops as seen are mostly mid-size and small shops.There are also numerous shops selling mining rigs, MtGox coupons and Bitcoin-related stuff.Whether you interpret this as an hype or a good news is entirely up to you.But personally, I don't regard something real and existing as hype.About how they manage the fluctuation in price, I would also want to know too, maybe as the shop owner in that article said, they see the true potential and a long-term uptrend of Bitcoin, so they might be comfortable with the short-term price fluctuation.Yes, both.

But they keep telling me you can only buy drugs with it? But they keep telling me you can only buy drugs with it?

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Sr. MemberActivity: 364Merit: 250 Re: Questions to our Chinese friends about current taobao sellers accepting bitcoin May 08, 2013, 03:53:22 AM #16 My question is how do/would sellers protect themselves from chargebacks with bitcoin. I'm guessing they only accept COD.



As far as I know, bitcoin still isn't that popular in China but it's growing. Although I do fear if it becomes too popular the government will just clamp down on it like they have with other virtual currencies in the past. China has already banned using virtual currencies to buy real world items awhile back, I forget which currency it was I think it was QQ coins or something like that. Hourly bitcoin faucet with a gambling twist ! http://freebitco.in/?r=106463

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Sr. MemberActivity: 469Merit: 250 Re: Questions to our Chinese friends about current taobao sellers accepting bitcoin May 08, 2013, 05:14:42 AM #17 Quote from: oakpacific link=topic=197753.msg2066726#msg2066726

You don't know what I talked about. I meant iPhone, Macbook, LV, Chanel, Senn-heiser, Bose......Almost all foreign luxury/electric/cosmetic/many other products are vastly overpriced in China despite being mostly made in China.



That's true but, as I understand it, having items delivered by mail means import taxes can't be avoided, at least not usually. Which means it will still be overpriced. Bitcoin will only cut a small slice off the cost. That's true but, as I understand it, having items delivered by mail means import taxes can't be avoided, at least not usually. Which means it will still be overpriced. Bitcoin will only cut a small slice off the cost. PGP fingerprint 2B6FC204D9BF332D062B 461A141001A1AF77F20B (use email to contact)

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Hero MemberActivity: 784Merit: 1000 Re: Questions to our Chinese friends about current taobao sellers accepting bitcoin May 08, 2013, 12:08:06 PM #18 Quote from: waxwing on May 08, 2013, 05:14:42 AM Quote from: oakpacific link=topic=197753.msg2066726#msg2066726

You don't know what I talked about. I meant iPhone, Macbook, LV, Chanel, Senn-heiser, Bose......Almost all foreign luxury/electric/cosmetic/many other products are vastly overpriced in China despite being mostly made in China.



That's true but, as I understand it, having items delivered by mail means import taxes can't be avoided, at least not usually. Which means it will still be overpriced. Bitcoin will only cut a small slice off the cost.

That's true but, as I understand it, having items delivered by mail means import taxes can't be avoided, at least not usually. Which means it will still be overpriced. Bitcoin will only cut a small slice off the cost.

The problem is not overpricing, it's completely lack of adequate payment method for this task, I can go on and on with this, you probably don't understand how many payment requests a Chinese oversea student/worker will receive per year on average.



About delivery: obviously Bitcoin can't solve all the problems, especially those it's not designed to solve(there is one whole breed of "package forwarding companies" doing that), the whole oversea shopping industry has run for quite sometime under the nose of the Chinese customs.



The problem is not overpricing, it's completely lack of adequate payment method for this task, I can go on and on with this, you probably don't understand how many payment requests a Chinese oversea student/worker will receive per year on average.About delivery: obviously Bitcoin can't solve all the problems, especially those it's not designed to solve(there is one whole breed of "package forwarding companies" doing that), the whole oversea shopping industry has run for quite sometime under the nose of the Chinese customs. https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.