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Author Topic: Breaking news: Baidu (NASDAQ:BIDU) accepts BITCOIN!  (Read 54603 times)
jl2012
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October 15, 2013, 11:14:33 AM
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Announcement in Chinese: http://jiasule.baidu.com/news/525cd5aabf9efd699f800e7e/

Baidu Jiasule, a CloudFlare-like anti-DDOS service by Baidu (NASDAQ:BIDU), today announce that they accept bitcoin for payment. This is the first service of this kind accepts bitcoin (in the whole world, not just China).

If you don't know what is Baidu: it is the Google of China.

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October 15, 2013, 11:15:15 AM
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No way  Shocked

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October 15, 2013, 11:19:44 AM
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Get ready for launch!

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October 15, 2013, 11:24:17 AM
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This is nice but I'll wait for a confirmation.

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October 15, 2013, 11:24:43 AM
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http://www.alexa.com/siteinfo/baidu.com#trafficstats
jl2012
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October 15, 2013, 11:25:22 AM
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Get ready for launch!

This actually may be related to yesterday's China-led rally. The announcement (published on 15 Oct) mentions that they start accept bitcoin on 14 Oct. There could be insider trading.

Anyway, this is a good news as I think this is the biggest Chinese company accepting bitcoin

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jl2012
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October 15, 2013, 11:26:37 AM
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This is nice but I'll wait for a confirmation.

You may not know Chinese, but I can tell you the link is already the official press release.

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October 15, 2013, 11:28:26 AM
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Wow, that's Alexa #5, so this is the busiest website accepting bitcoin (although this is only one of its many services. Still a good start)

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October 15, 2013, 11:28:43 AM
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Why do they have a bitcoin address in the press release?

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jl2012
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October 15, 2013, 11:31:57 AM
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Why do they have a bitcoin address in the press release?

It is their payment address.

It seems the bitcoin payment is not automated. User have to inform the administrator before they pay and it will be processed manually.

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October 15, 2013, 11:33:54 AM
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Can anybody translate the press release? Google translate isn't readable.

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October 15, 2013, 11:39:18 AM
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A quick translation:

Quote
Baidu Jiasule Accepts Bitcoin Payment

15 October 2013

How could we reflect the characteristics of a trendy IT person and a professional webmaster? The answer of course is to own bitcoin! ! !

Bitcoin as an emerging electronic money has already had a large degree of recognition in the world, deep into the daily life. It can be used to buy a cup of coffee, and also be directly converted into real money. In China, bitcoin is still a "fashionable" thing. Today, I have a good news for everyone: from 14 October 2013 onwards, Baidu Jiasule officially support bitcoin payment. Baidu Jashule users can use bitcoin to pay for any Jiasule services. Baidu Jashule as the innovator of the Internet, has become the first cloud services vendor to support bitcoin, giving us a richer payment methods and experience.

In the future, Baidu Jiasule will continue to make more new attempts to bring you more convenient payment methods!

Baidu Jiasule bitcoin payment address: 1NtbQKVFxAPc8mmBoWwRzhg7o3EMCBsxNg

(if you like this news and my translation, please donate to the address below. Thank you)

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October 15, 2013, 11:39:51 AM
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Oh my god.

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October 15, 2013, 11:42:44 AM
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Why do they have a bitcoin address in the press release?

It is their payment address.

It seems the bitcoin payment is not automated. User have to inform the administrator before they pay and it will be processed manually.

Really?? This seems very half-hearted.

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jl2012
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October 15, 2013, 11:46:50 AM
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Why do they have a bitcoin address in the press release?

It is their payment address.

It seems the bitcoin payment is not automated. User have to inform the administrator before they pay and it will be processed manually.

Really?? This seems very half-hearted.

That's reasonable as they are not sure how many users will really pay in bitcoin and that's risky in investing a new payment system. There is no bitpay-equivalent in China. Also, their real intention may just be using this opportunity to advertise their service.

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October 15, 2013, 11:47:32 AM
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Sounds like big news to me.
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October 15, 2013, 11:50:18 AM
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Why do they have a bitcoin address in the press release?

It is their payment address.

It seems the bitcoin payment is not automated. User have to inform the administrator before they pay and it will be processed manually.

Really?? This seems very half-hearted.

That's reasonable as they are not sure how many users will really pay in bitcoin and that's risky in investing a new payment system. There is no bitpay-equivalent in China. Also, their real intention may just be using this opportunity to advertise their service.

The good news is that they're going to advertise Bitcoin as well! Anyway very interesting news jl, thanks a ton for sharing!
PurpleTentacle
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October 15, 2013, 11:50:28 AM
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Why do they have a bitcoin address in the press release?

It is their payment address.

It seems the bitcoin payment is not automated. User have to inform the administrator before they pay and it will be processed manually.

Really?? This seems very half-hearted.

That's reasonable as they are not sure how many users will really pay in bitcoin and that's risky in investing a new payment system. There is no bitpay-equivalent in China. Also, their real intention may just be using this opportunity to advertise their service.

Well, maybe it catches on and they start using bitcoin for other services. Just imagine baidu using bitcoin payments for advertising (like adsense).

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October 15, 2013, 11:56:53 AM
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They're gonna get their teeth kicked in.

http://blogs.wsj.com/chinarealtime/2009/06/29/china-cracks-down-on-virtual-currency-for-real/

How are they gonna get rid of those coins they take in without breaking the "You can't buy real things with virtual currency" laws?

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October 15, 2013, 11:59:42 AM
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Why do they have a bitcoin address in the press release?

It is their payment address.

It seems the bitcoin payment is not automated. User have to inform the administrator before they pay and it will be processed manually.

lol, the "innovator of the internet".

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