Yes, I heard of this. I saw they are going to develop asian market. They are exploring in Singapore now.
After bidding, the product price will go down. So some lucky people can buy product with big discount because the price was beat down by other people's bid.
They also sell product to people with unique, lowest bid. But some products were sold with 0 price. http://www.ruyi.sg/dubli here listed some auction results.
If I cannot leave url, please tell me. Thx
I though this trading system is really full of a lot fun. I like it.