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Beijing Hanhai (Chinese: 北京翰海; pinyin: Běijīng Hànhǎi), officially the Beijing Hanhai Auction Co., Ltd, is an auction house located in Beijing.Established in 1994, after the Chinese government began allowing the auction of relics, it grew under the management of Qin Gong to become one of the country's largest auction houses by 2003.
Chinese auction is a type of the all-pay auction, where the probability of winning depends on the relative size of a participant's bid. [1] The choice of the winner is done by a lottery, whereby the bidders compete for a higher chance of winning. [1] It is also known as penny raffle, chance auction and tricky tray. [2] [3]
This page was last edited on 11 October 2024, at 00:52 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
This page was last edited on 20 December 2020, at 10:45 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
First founded in May 1993 by Chen Dongsheng, [6] China Guardian is China's oldest art-auction firm. [5] [7] China Guardian was a leader of the Chinese art auction market until the emergence of Beijing Poly International Auction Co Ltd in the mid-2000s. [8] China Guardian is now considered to be Mainland China's 'number 2 auctioneer' behind ...
Two tickets for passage on what could be the first Chinese rocket ship to take tourists to space were sold Thursday, according to a livestream held by the company, as the country’s commercial ...
Chinese startup Deep Blue Aerospace said on Wednesday it will sell its first two tickets for seats on a rocket that will take passengers to space in 2027, charging 1.5 million yuan ($211,000) for ...
In 2003, eBay acquired Eachnet, China's online auction leader at the time, [7]: 51 for US$180 million. It became a major contender in the Chinese consumer e-commerce market. [8] Responding to eBay's moves Alibaba launched Taobao as a rival consumer-to-consumer platform. [7]: 51 To counter eBay's expansion, Taobao offered free listings to sellers.