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The first patent auction of China Academy of Sciences dropped hammer
(China IP)
Updated: 2011-03-10

On December 16, 2010, the first patent auction of the institute of Computing Technology, China Academy of Sciences was held in the trading floor of China's Technology & Equity Exchange.

70 technical inventions related intelligent information, wireless communication, integrated circuits were put up for public auction. The bidding was exciting and 28 technologies were sold, with the total business volume reaching 3 million Yuan. It has been reported that this was the first large scale patent auction in Chinese history. It has attracted wide attention both at home and abroad. More than 70 enterprises participated in the bidding process and nearly 100 honored guests visited the patent auction.