A very good contact of mine in China has just shared an interesting piece of news with me. As you'll know, the Chinese domain market has taken off rapidly within the past six months in particular, and whilst Western investors are struggling to understand what's happening, it seems that many Chinese investors are having the same sentiments.
My contact has told me that many Chinese investors are still trying to understand what is happening with the domain investment market. With floor prices for four-letter "CHIP" .COMs increasing to over $2,000 per name and other extensions increasing in popularity, it seems that Chinese domainers are also looking for guidance on what they should be spending their money on.
Last night (November 18th), famous investor John Xu made a comment in a WeChat group that caused great interest among the Chinese domaining community. The 4.CN founder told fellow investors to be "cautious and rational in registering meaningless domain names with long letters and numbers." This could be referring to the current buyout of "Chinese Premium" 5L domains, and the continued registration of seven-, eight-, and nine- number domains.
He also warned the WeChat group that hype and false reports tend to exist in this market, which can give misguided information to new investors. Mr. Xu also expects domain names to eventually be "reasonably allocated" to all investors.
It is interesting to see that many Chinese investors are struggling to fathom what's happening in the short domain market, and it's good to see an experienced investor such as Mr. Xu dispensing this advice to those looking to invest in domain names.
Do you agree with Mr Xu's opinions? Write a comment below.
Other news that was dispensed to me today was the fact that another famous Chinese investor - Lei Zhu - has recently completed some very good sales. After selling 277.com for an undisclosed fee, Lei Zhu then sold 699.com for a price close to $1,000,000.
My contact has told me that many Chinese investors are still trying to understand what is happening with the domain investment market. With floor prices for four-letter "CHIP" .COMs increasing to over $2,000 per name and other extensions increasing in popularity, it seems that Chinese domainers are also looking for guidance on what they should be spending their money on.
Last night (November 18th), famous investor John Xu made a comment in a WeChat group that caused great interest among the Chinese domaining community. The 4.CN founder told fellow investors to be "cautious and rational in registering meaningless domain names with long letters and numbers." This could be referring to the current buyout of "Chinese Premium" 5L domains, and the continued registration of seven-, eight-, and nine- number domains.
He also warned the WeChat group that hype and false reports tend to exist in this market, which can give misguided information to new investors. Mr. Xu also expects domain names to eventually be "reasonably allocated" to all investors.
It is interesting to see that many Chinese investors are struggling to fathom what's happening in the short domain market, and it's good to see an experienced investor such as Mr. Xu dispensing this advice to those looking to invest in domain names.
Do you agree with Mr Xu's opinions? Write a comment below.
Other news that was dispensed to me today was the fact that another famous Chinese investor - Lei Zhu - has recently completed some very good sales. After selling 277.com for an undisclosed fee, Lei Zhu then sold 699.com for a price close to $1,000,000.
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