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James Iles

Breaking: JR.com Sells To China

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By James Iles, Jan 6, 2017
  1. James Iles

    James Iles NamePros Writer PRO Trusted Blogger Business Account VIP

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    Another two-letter .COM domain name has been sold to China, from the USA. According to WHOIS data this afternoon, the domain name JR.com has just transferred to a new owner, represented by 62.com.

    JR.com was owned by a New York based company called J&R Music, and was used by the company for many years.

    This is a domain name that I personally have some history with, since I worked on a low seven figure offer for the name late last year.

    I believe that the sales price could be around $1.3 million to $1.5 million, but it's unlikely that the exact price will be revealed.

    I have, however, sent a message to my friend at 62.com, a leading Chinese brokerage company, to see if an exact price can be published.

    Congratulations to the buyer and seller.

    Update on Jan 9, 2017: The sales price cannot be revealed due to a NDA, but 62.com have confirmed that the domain was acquired by one of their clients. Almost certain to be a seven figure sale.
     
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  4. James Iles

    About The Author — James Iles

    Writer for NamePros.com, domain name investor and broker. For all enquiries relating to stories and interviews, please email: [email protected]

    This is James Iles's 309th blog post on NamePros. View all blog posts

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  5. Comments (23)

  6. wesley sweatman

    wesley sweatman durfer

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    Would it make since then to say that the shortness itself carries most of the weight in the pricing? Or would you say the investment of years into the domain made the value? thank you.
     
  7. Doron Vermaat

    Doron Vermaat --- DNgeek.com --- PRO Efty Staff Business Account VIP

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    I hope Donald Trump can bring back some short .com domains to the USA!
     
  8. Fuadiansyah

    Fuadiansyah Established Member

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    Everything is all about China now. Even illegal foreign workers in my country mostly come from China. WTH...
     
  9. TheWatcher

    TheWatcher Top Member VIP

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    Unless he is a buyer. :)
     
  10. elevator

    elevator Member VIP

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    Short domains could become one of the world economy deciding factors. If not presently. Hay! China is taking too much of short domains from US and the rest of the world.
     
  11. Ross Murray

    Ross Murray Established Member

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    Everything is about China, From US foreign Policy to everyone's defence policy, China is going to be the USA of 2050
     
  12. James Iles

    James Iles NamePros Writer PRO Trusted Blogger Business Account VIP

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    I think it's a combination of the shortness & rarity (only 676 available), the fact that they're fairly easy assets to acquire (China now owns about 23% of all names) and it's relatively easy to control the resale market. They do also have some end user interest, but I think that's a secondary factor in their valuation.
     
  13. wesley sweatman

    wesley sweatman durfer

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    wow, thanks.
     
  14. arzidan

    arzidan Established Member

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    Nice info. I think China will buy all short domains.lol
     
  15. Xabial

    Xabial Established Member

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    This is the definition of "insider news"

    I wouldnt be suprirsed if any Domain news site report this sale, citing this Namepros blog as source : )

    Well done!

    On a side note, I really wish this domain was purchased by JR Smith
     
  16. James Rayers

    James Rayers Established Member

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    Damn! Been waiting to hand-reg that for years.
     
  17. James Iles

    James Iles NamePros Writer PRO Trusted Blogger Business Account VIP

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    Update: The sales price cannot be revealed due to a NDA, but 62.com have confirmed that the domain was acquired by one of their clients. Almost certain to be a seven figure sale.
     
  18. elevator

    elevator Member VIP

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    It is very glaring that Chinese investors are more interested in the real values of short domain names better than every other western nations’ investors. To buttress my point; the Chinese investors have taken more than 22 percent of high valuable short names.

    Read more of my submission on this report

    Thanks for this valuable information
     
  19. Elon Swift

    Elon Swift Established Member

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    china invests a lot in these domains. even in domains with numbers it buys it a lot
     
  20. AIS01

    AIS01 Established Member

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    WHAT A CHINA..HEHEHHEHHE..LOL:joyful::$:
     
  21. stewmath

    stewmath Established Member

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    I wish i were old enough to know about domaining in the 90's so i could have regged a bunch of these domain names, haha. I was probably 11 years old back in like 1995, i was using the internet back then at school but i had no clue about these things.
     
  22. wesley sweatman

    wesley sweatman durfer

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    I'm 46 and ive noticed its the things we don't really think about that are what comes up as good investments so lets think twice now. hmmmm
     
  23. elevator

    elevator Member VIP

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    I may sound awkward with these. Do you know that you can still get some good domains against tomorrow now?
    Yes! Absolute facts; it was never been so easy at that time in those 70ties. No one knew domain industry can be like this and that is why it was never been so easy in those days. Right now just work hard and get those good ones now and keep them in your portfolio against tomorrow.
    Cheers
     
  24. elevator

    elevator Member VIP

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    Yes! Nice thought from you. Tomorrow will be greater than now.
     
  25. stewmath

    stewmath Established Member

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    Yes thats true mate, i need to sell some that ive got before i purchase anymore. I think im currently in the situation where i think i have got a great domain name that people will want, and then i cant sell it. Haha but hey thats how you learn. I should probably have just spent the money on a single LLLL.com and then just held onto it.
     
  26. Xabial

    Xabial Established Member

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    f*** NDA's! The people have a right to know!

    Ok.. maybe we don't. But NDA's still suck.
     
  27. platey

    platey Established Member

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    domains are like waves in as much as sold prices etc

    some are ripples in a puddle some are small waves and LL.com s are big waves
     
  28. winst

    winst Established Member

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    Could of... Would of... Should of...

    Back in 1993 I registered a domain name for my BBS, except I didn't know it was a domain name and I didn't know how to renew it to keep it.

    Years later, when I started to buy some domain names as investments, most good names were already gone. But after the crash of 2000, many good names became available.

    J&R Music World used to be my go to catalog seller before NewEgg and B&H. They used JandR.com before they bought JR.com.

    I'd say good opportunities are still out there.
     
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