Bitcoin Forum

http://bitcoinboard.net/chinas-richest-man-invests-in-bitpay/

great news. here is the original:

http://www.scmp.com/business/banking-finance/article/1390224/bitcoin-service-firms-best-investment-not-virtual-currency

To the moon!

This is great news ;D.
Some good things seems to come in 2014

This will come in 2014:
http://bitcoinboard.net/bitcoin-in-2014-what-can-we-expect/

Wonder how long before Bitpay goes public? 2,  3, 5 years?

To say he is China's richest man is a understatement: he is the richest man in Asia.

The guy is the traditional type of Hong-Kong legend: dirt-poor to filthy rich, the guy is also famous for his acumen of spotting good tech start-ups, unusual for his age.

To a common Chinese, "Lee Ka-shing has invested in a Bitcoin firm" sounds way more impressive than "China's richest man has invested in a Bitcoin firm".

He is also the richest Canadian, despite not living in Canada. That was something I found interesting.

Thank god I can finally get rid of those clowns who spout "Bitcoin is a scam the government has banned it" bullshit, just tell them "what the hell are you smoking, Lee Ka-shing has invested in a Bitcoin firm" will be enough to shut them up, this maybe the most meaningful thing coming out of this investment, LOL.

nah let them sell their btc so i can get some for cheap ...

I suggest we buy and hoDL now ;)

Li Ka-shing totally doesn't feel safe hodling bitcoins... So he's hodling Bitpay instead.

This is mixed news, but it will very likely bump the price upwards.

To me it means my bitcoins will grow in value more soon, but at the same time it means the the PRC isn't going to be allowing the chinese exchanges to accept Yuan any day soon... In fact it may shut them down completely.  :-\

If you invest in Bitcoin firms, you most probably took time to study it and thinks the industry can create real value, which I think is good, and the most successful investors hardly just speculate on assets.

Whether the Chinese authority cracks down on the exchanges really doesn't matter, real Bitcoiners in China can buy and use bitcoins all the same.

Most of them sold their bitcoins back though! Where are they going to get any if the exchanges go down?

They will consider going public once a reliable and trustworthy Bitcoin-based stock exchange is established somewhere. Most of the current exchanges (BTCT, MPEX.etc) have proved to be con-jobs. I myself lost more than half of my hard earned coins in BTCT.

So is this legit? Why have the other MSM outlets not picked this story up? ???

My question too.  I'd like to see further confirmation. 

That's not a big problem. I needed to buy bitcoin to use altcoin so Chinese people can buy dollars or euro to buy bitcoins can't them? 

If Li Ka-shing made this move now, after a few weeks from china banning bank and financial institutions, he must know something we don't
I imagine a man of this caliber doesn't take decisions out of his ass

some more covered it:

http://techcrunch.com/2013/12/27/asias-richest-man-invests-in-bitpay/


http://www.techinasia.com/asia-richest-man-li-ka-shing-invests-bitpay-bitcoin-payments/

Sir Ka-shing Li, GBM, KBE, JP is a Hong Kong business magnate, investor, and philanthropist. According to the Bloomberg Billionaires Index, as of October 7, 2013 he is the richest person in Asia, with a net worth of $28.8 billion. Wikipedia
Born: June 13, 1928 (age 85), Chaozhou, China
Spouse: Chong Yuet Ming (m. ?–1990)
Children: Richard Li, Victor Li Tzar-kuoi
Awards: Grand Bauhinia Medal, Commander of the Order of the British Empire
Richest Person Of Asia not only of China or Hongkong

This is China with Taobao, anyone can open a shop and start taking payments, thanks to Alipay. ;)

The government has banned the sales of VPN(for GFW circumvention purposes) for years, yet they never manage to effectively kill the business, you basically sold them under a different name and try to win a cat-and-mouse game.

And they can't just shutdown Taobao, no government dares to shutdown a platform that creates 20 million jobs for you.

PS: You don't even have to sell bitcoins itself, you can just sell redeeming code of an exchange, hosted in a foreign nation, which is apparently what BTCChina is doing now.

Once, he was the largest shareholder in the Canadian Imperial Bank of Commerce. But he sold his shares in 2005. If he hadn't done that, it would have been a big help now.  ???

Just dig this up for those who think Li Ka Shing does not know what his VC is doing:

Li Ka-Shing talking about Nanoleaf (LED bulb)
http://hk.apple.nextmedia.com/realtime/finance/20140306/52254150 (Chinese)
https://www.kickstarter.com/projects/619878070/nanolight-the-worlds-most-energy-efficient-lightbu/posts

Li Ka-Shing cooking with egg-replacement by Hampton Creek Foods:
http://www.singpao.com/xw/yw/201403/t20140301_492057.html (Chinese)
http://www.forbes.com/sites/ryanmac/2014/02/17/egg-replacing-startup-hampton-creek-foods-raises-23-million-from-asias-richest-man-and-yahoo-cofounder-jerry-yang/

With these examples I believe Li is well aware of the decision of investing in Bitpay.