Caixin OnlineFinance & EconomicsTop Stories Finance Bitcoin Buzz Arrives in China, but with Familiar Doubts
11.07.2013 17:34

Bitcoin Buzz Arrives in China, but with Familiar Doubts

A few investors show interest in the virtual currency, but critics say the geek experiment doesn't have much of a future anywhere
By staff reporters Wu Hongyuran and Zheng Fei

(Beijing) – A few blocks west of Zhongguancun, a technology hub in the capital, wannabe entrepreneurs gather in a coffeehouse named Garage to share ideas and meet potential investors.

The shop, apparently named for the place late Apple Inc. co-founder Steve Jobs built his first computers, gives a sense of entrepreneurial risk-taking because it allows consumers to pay in Bitcoin, a virtual currency that few people use in daily life.

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