Chao Mi (www.chaomi.cc) has become a popular website for tracking daily price changes of domain sales in various Chinese marketplaces. Due to the fact that many sales from the past year have been to China, it’s important to know what is selling, which prices have increased, and which have decreased. It’s a little bit like NameBio specifically for the Chinese market.
Chaomi.cc shouldn't be the only resource you use, as it only displays sales data from a select number of Chinese marketplaces, but since it is such a widely used resource, I wanted to take a few minutes to go through the website for anyone who may be unfamiliar with it.
Firstly, unless you can speak Chinese, you’ll need to translate the website. You can do that by clicking here. Once you’ve done that, you’ll see there are over 50 different categories of domain name listed, covering popular investment markets
If you're using Google Translate (via the link above), there are some important distinctions that you need to be aware of:
The Homepage
If you scroll down Chaomi.cc's homepage, you'll notice the various categories mentioned above. Beside each category is a set of numbers. The first three columns are:
There are four more columns that are fairly self explanatory:
Due to the fact that there are so many categories listed on Chaomi.cc's homepage, they have included a "fast positioning" system that is located above the categories list (visible on the screenshot above). Using this will take you directly to the statistics for a specific category of name that you might be following.
Category Pages
Each category listed on Chaomi.cc comes with its own dedicated page. By clicking on the "Market Trends" link to the right of each category listing, you'll be taken to that category's dedicated page.
Once there, you'll see a graph of the latest price changes that are updated hourly. Below that is the same data but in numerical form. The data shows the average prices over the last six hours.
Further down the page is a similar graph, but it displays data from the last ten days. This data is probably more relevant as it shows far clearer patterns. Again, the data is also displayed in numerical form below the graph.
Below that, there's another table showing you the amount of domains within that category that have been sold on any given day. Remember, these are only sales that have occurred on the marketplaces monitored by Chao Mi.
How to Use This Data
The data from Chao Mi can help you determine something extremely important: what is currently selling on popular Chinese domain markets. You'll be able to tell which categories are rapidly increasing and which are slowing down. With China being the source of a high percentage of public sales this year, it's advisable to keep a track of this data if you own domain names that Chinese investors might be interested in.
It's also useful in helping with your acquisitions. Using data from Chao Mi may give you a better idea of the current prices you'll be able to sell at to a Chinese investor and therefore helping you to determine your acquisition prices.
Many Chinese domain buyers that I have come across during five, six, and seven figure transactions often quote Chao Mi data to justify their pricing.
Chaomi.cc shouldn't be the only resource you use, as it only displays sales data from a select number of Chinese marketplaces, but since it is such a widely used resource, I wanted to take a few minutes to go through the website for anyone who may be unfamiliar with it.
Firstly, unless you can speak Chinese, you’ll need to translate the website. You can do that by clicking here. Once you’ve done that, you’ll see there are over 50 different categories of domain name listed, covering popular investment markets
If you're using Google Translate (via the link above), there are some important distinctions that you need to be aware of:
- The term “initials” is to be used to describe Chip domains (i.e., those without the letters
a,e,i,o,u,v). You’ll see categories such as “Four Initial .COM.” These are the prices of Chips. - The term “letter” is used to describe domain prices including data from sales of domain names that include all letters, including
a,e,i,o,u,v.
The Homepage
If you scroll down Chaomi.cc's homepage, you'll notice the various categories mentioned above. Beside each category is a set of numbers. The first three columns are:
- Latest price (in RMB)
- Percentage change
- Price change (in RMB)
There are four more columns that are fairly self explanatory:
- Yesterday's lowest price
- Yesterday's highest price
- The previous day's lowest price
- The previous day's highest price
Due to the fact that there are so many categories listed on Chaomi.cc's homepage, they have included a "fast positioning" system that is located above the categories list (visible on the screenshot above). Using this will take you directly to the statistics for a specific category of name that you might be following.
Category Pages
Each category listed on Chaomi.cc comes with its own dedicated page. By clicking on the "Market Trends" link to the right of each category listing, you'll be taken to that category's dedicated page.
Once there, you'll see a graph of the latest price changes that are updated hourly. Below that is the same data but in numerical form. The data shows the average prices over the last six hours.
Further down the page is a similar graph, but it displays data from the last ten days. This data is probably more relevant as it shows far clearer patterns. Again, the data is also displayed in numerical form below the graph.
Below that, there's another table showing you the amount of domains within that category that have been sold on any given day. Remember, these are only sales that have occurred on the marketplaces monitored by Chao Mi.
How to Use This Data
The data from Chao Mi can help you determine something extremely important: what is currently selling on popular Chinese domain markets. You'll be able to tell which categories are rapidly increasing and which are slowing down. With China being the source of a high percentage of public sales this year, it's advisable to keep a track of this data if you own domain names that Chinese investors might be interested in.
It's also useful in helping with your acquisitions. Using data from Chao Mi may give you a better idea of the current prices you'll be able to sell at to a Chinese investor and therefore helping you to determine your acquisition prices.
Many Chinese domain buyers that I have come across during five, six, and seven figure transactions often quote Chao Mi data to justify their pricing.
