Yahoo Auction offers the first real-time bidding opportunity to consumers in Hong Kong. You can pay with Bitcoin, Paypal, or credit cards to get your items at the lowest possible price.
The auction is on the second Saturday of each month from 8:30 AM to 9:30 AM. The Hong Kong government has prohibited online buying and selling of goods for more than 30 days, but Yahoo has a loophole that allows it to continue selling items from the previous month for 30 days, which is the 30th day after the last auction.
Yahoo is not just selling goods from the previous month, they’ve also launched an auction site for the first time. If you’re in Hong Kong and you want to buy something for two Bitcoins, you can. Yahoo is offering up to 100 Bitcoins for the first time. It’s like flipping a coin, but instead of having to go through the hassle of setting up an account, you’re buying it with Bitcoins instead.