The Enlightenment from the Auction of Jinsha.com
---- Numeric Domain is not the only preference for Gambling Websites
The domain name Jinsha.com, which was prohibited by the registry along with 358.com due to the trademark infringement, was sold for CNY 4.55 million at an auction after re-registration.
Why is the domain name Jinsha.com worth CNY 4.55 million?
The price is common with short numeric domain names and short letter domain names, but seldom are double Pinyin domain names sold at this price. What makes the domain name jinsha.com so special? Generally, the meaning of the domain name determines the price of double Pinyin domain name. Daikuan.com (loan) was sold for an 8 digits price in CNY, Daigou.com (indent buying) was sold for millions of CNY and Qiche.com (vehicle) was sold for more than 10 million CNY. What is the meaning of Jinsha.com?
Aside from the name of a singer, Jinsha also means Las Vegas Sands, an American casino and resort operating company. Besides, many gambling website also use the name of Jinsha. The bidders had all made some efforts in the background researching.
The gambling industry is legalized in some parts of the world, and even become the local feature industry for these places. Casinos and various entertainments attracted the visitors and industry could support the local economy in a great deal. With the significant importance, no wonder the domain name could be worth so much.
Numeric Domain Names are not the Only Preference of Gambling Website
Numeric domain names are the favorite for the gambling websites, especially the domains with 888. What are the criteria for the gambling domain name? ---- Short and easy to remember. Actually, many non-numeric gambling related domain names are extremely expensive. For example, the domain name casino.com was sold at $5.5 million, and was the 9th most expansive domain name in the world. The domain name LasVegas.com was even sold at $90 million. Will the domain name Jinsha.com attract the attention of Las Vegas Sands?
The Reason for the Auction of Jinsha.com
The domain names of 358.com and Jinsha.com and another 68 relative domain names were used to build online gambling websites and were suited by Las Vegas Sands for trademark infringement. The previous owner of the domain name lost the lawsuit and was fined of $2 million. The 68 domain names, including 358.com and Jinsha.com were deleted or prohibited by the registrar at once. The domain name 358.com was closed at 2.85 million CNY at an auction.
Till now the whois information Jinsha.com has not been updated yet, and the identity of the buyer is still unknown.
Declaration: this is an informative article that do not represent official investing advice, with no intend in misleading readers.Please be open-minded and objective. Welcome varied discussion below.Thanks!
