alphadogg writes: The equipment is big and expensive, with the research costs at almost $500,000. But by just using retail components, Chinese professor Chi Nan has built her own Li-Fi wireless system that can use LED lights to send and receive Internet data. "I bought the lights from Taobao," she said, referring to the Chinese e-commerce site. The professor from Fudan University showed off the technology on Tuesday at the China International Industry Fair in Shanghai. Unlike traditional Wi-Fi routers that use radio signals, Chi's system relies on light to send and receive data wirelessly. Others scientists, especially in the U.K., have also been researching the technology, and dubbed it "Li-Fi". But rather than develop specialized hardware, Chi bought off-the-shelf retail parts to create her system.