IP Library Patent Application 14412033
Patent Application
App. No. 14/412,033

Method and System for Managing Online Bidding

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Quick Facts
Patent No.
US None
App. No.
14/412,033
Abstract

Method and system for managing online bidding are provided. A bid request is received via the communication platform. The bid request is analyzed to obtain information associated with the request. Whether to participate in online bidding is determined based on a bid control model in accordance with the information associated with the request. The bid control model is generated based on historical data associated with one or more previous online bidding events. An online bid is generated if it is determined to participate in the online bidding. The online bid is transmitted as a response to the bid request.

Claims (56)

1 . A method, implemented on a machine having at least one processor, storage, and a communication platform connected to a network for managing online bidding, comprising:

receiving, via the communication platform, a bid request;

analyzing the bid request to obtain information associated with the request;

determining whether to participate in online bidding based on a bid control model in accordance with the information associated with the request, wherein the bid control model is generated based on historical data associated with one or more previous online bidding events;

generating an online bid if it is determined to participate in the online bidding; and

transmitting the online bid as a response to the bid request.

2 . The method of claim 1 , further comprising:

generating a bid response if it is determined not to participate in the online bidding, wherein the bid response indicates no online bid is submitted for the bid request; and

transmitting the bid response as a response to the bid request.

3 . The method of claim 1 , further comprising:

generating a first report based on the historical data and information associated with a first user who sends the bid request; and

transmitting the first report to the first user.

4 . The method of claim 1 , further comprising:

generating a second report based on the historical data and information associated with a second user who joins the online bidding; and

transmitting the second report to the second user.

5 . The method of claim 1 , further comprising determining bid control information if it is determined to participate in the online bidding, wherein the online bid is generated based on the bid control information.

6 . The method of claim 5 , wherein the bid control information is determined based on historical data and includes information associated with at least one of:

value of the bid request, value of a target user with respect to the bid, and chance of winning the bid.

7 . The method of claim 5 , wherein the historical data is updated, periodically or upon request, based on the bid control information and the online bidding.

8 . The method of claim 1 , wherein the bid control model is updated, periodically or upon request, based on feedback information generated when determining whether to participate in online bidding.

9 . A system, having at least one processor, storage, and a communication platform connected to a network for managing online bidding, comprising:

a bid request analyzer configured for:

receiving, via the communication platform, a bid request, and

analyzing the bid request to obtain information associated with the request;

a bid control module configured for determining whether to participate in online bidding based on a bid control model in accordance with the information associated with the request, wherein the bid control model is generated based on historical data associated with one or more previous online bidding events; and

a bid server configured for generating an online bid if it is determined to participate in the online bidding, wherein the online bid is transmitted as a response to the bid request.

10 . The system of claim 9 , wherein the bid control module is further configured for:

generating a bid response if it is determined not to participate in the online bidding, wherein the bid response indicates no online bid is submitted for the bid request; and

transmitting the bid response as a response to the bid request.

11 . The system of claim 9 , further comprising a reporting module configured for:

generating a first report based on the historical data and information associated with a first user who sends the bid request; and

transmitting the first report to the first user.

12 . The system of claim 9 , further comprising a reporting module configured for:

generating a second report based on the historical data and information associated with a second user who joins the online bidding; and

transmitting the second report to the second user.

13 . The system of claim 9 , wherein the bid control module is further configured for determining bid control information if it is determined to participate in the online bidding, wherein the online bid is generated based on the bid control information.

14 . The system of claim 13 , wherein the bid control information is determined based on historical data and includes information associated with at least one of:

value of the bid request, value of a target user with respect to the bid, and chance of winning the bid.

15 . A machine-readable tangible and non-transitory medium having information for managing online bidding, wherein the information, when read by the machine, causes the machine to perform the following:

receiving, via the communication platform, a bid request;

analyzing the bid request to obtain information associated with the request;

determining whether to participate in online bidding based on a bid control model in accordance with the information associated with the request, wherein the bid control model is generated based on historical data associated with one or more previous online bidding events;

generating an online bid if it is determined to participate in the online bidding; and

transmitting the online bid as a response to the bid request.

16 . The medium of claim 15 , the information, when read by the machine, further causing the machine to perform the following:

generating a bid response if it is determined not to participate in the online bidding, wherein the bid response indicates no online bid is submitted for the bid request; and

transmitting the bid response as a response to the bid request.

17 . The medium of claim 15 , the information, when read by the machine, further causing the machine to perform the following:

generating a first report based on the historical data and information associated with a first user who sends the bid request; and

transmitting the first report to the first user.

18 . The medium of claim 15 , the information, when read by the machine, further causing the machine to perform the following:

generating a second report based on the historical data and information associated with a second user who joins the online bidding; and

transmitting the second report to the second user.

19 . The medium of claim 15 , the information, when read by the machine, further causing the machine to determine bid control information if it is determined to participate in the online bidding, wherein the online bid is generated based on the bid control information.

20 . The medium of claim 19 , wherein the bid control information is determined based on historical data and includes information associated with at least one of:

value of the bid request, value of a target user with respect to the bid, and chance of winning the bid.

Assignments (4)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jun 3, 2016
From: YAHOO! INC.
To: EXCALIBUR IP, LLC
Reel/Frame 038950/0592 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jun 1, 2016
From: EXCALIBUR IP, LLC
To: YAHOO! INC.
Reel/Frame 038951/0295 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Apr 18, 2016
From: YAHOO! INC.
To: EXCALIBUR IP, LLC
Reel/Frame 038383/0466 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Dec 30, 2014
From: WANG, RAY; BO, LIXING; CHAN, CHOON KIT
To: YAHOO! INC.
Reel/Frame 034600/0848 →