Chinese are buying new gTLDs more than others. Why???

[Wass]

Chinese are buying new gTLDs more than others. Why???

 

[domeen]

They have no clue that they have no real value. Basically they are newbies with too much money

 

[Domain Monk]

.Biz is slowly increasing

 

[domeen]

.Biz is slowly increasing

Latest sedo auctions show that .biz is basically worthless.

 

[mad409]

Chinese are buying new gTLDs more than others. Why???

Because they understand change.

 

[dordomai]

Chinese are buying new gTLDs more than others. Why???

They love to gamble. Gambling is not allowed in China so they have to find other ways to make bets.
They like to buy $1 domains and hype them up in order to dump them.
Money laundering. They don't care if it is profitable if they can hide their monies.
Newbies with little experience and too much money.

 

[INamewiz]

China has large population and large (potential) demand.

 

[MR Harrist]

maybe they know something that you don't know! maybe!
and if we buy something cheap and sell high, it will be less risk! rather than buy high and hard to sell! it will be more risky! but to be honest I never heard asian ppl when make a move have good reason! most of the time, they only tell, I have good feeling! i.e gambling!

 

[mad409]

They love to gamble. Gambling is not allowed in China so they have to find other ways to make bets.

Not true; https://en.wikipedia.org/wiki/Gambling_in_China

And many gamble at online sites...

 

[dordomai]

Not true; https://en.wikipedia.org/wiki/Gambling_in_China

And many gamble at online sites...

Only lottery is legal in Mainland China according to your link.

 

[Wass]

Maybe the difference is that Chinese like action and others like to think...

 

[mad409]

Only lottery is legal in Mainland China according to your link.

I'm just saying gambling is allowed in China, you're wrong per your comment that gambling isn't allowed in China.

https://www.tripadvisor.com/Attractions-g294211-Activities-c53-China.html

 

[dordomai]

I'm just saying gambling is allowed in China, you're wrong per your comment that gambling isn't allowed in China.

https://www.tripadvisor.com/Attractions-g294211-Activities-c53-China.html

Hong Kong and Macao are special regions and not part of Mainland China and treated differently.

Chinese can gamble when they go on vacation there. One of the main reasons why Macao is so popular as a Chinese tourist destination.

For over 99% of the Chinese population Gambling is not permitted unless they happen to visit Macao or if it is part of a state run lottery.

 

[Kate]

maybe they know something that you don't know! maybe!

Clearly
.CM registration madness

 

[ikhub]

Is there any reliable data on purchase of ngtlds by Chinese or its just an assumption?

 

[Wass]

Is there any reliable data on purchase of ngtlds by Chinese or its just an assumption?

Data here: https://namestat.org/
e.g: .WIN total domains: 987428. China: 895776 (92,2%)

 

[DomainVP]

Buy in is cheap, and potential upside is very high. Especially if someone manipulates the market like last year.

However risk is very high, and China has a hefty appetite for high risk investments.

Many Chinese investors are 'newbs', as demonstrated by last years CHIP fiasco. People buying CHIP 4L.com's for a floor price of $3k - GTFO . Keep in mind that this year is not over yet, and after summer these CHIPS are highly likely to continue their decent back to $xxx.

A lot of money was lost with CHIPs, and will be lost again by speculating on crap gTLD extensions that nobody wants.

If gTLDs were so amazing, you would see a huge sales increase in the existing aged not-coms... but you don't.

Invest at your own risk.

 

[Wass]

Is there any reliable data on purchase of ngtlds by Chinese or its just an assumption?

Yesterday .WIN sales: 10,279
China: 10,109 (99,5%)

 

[JayT]

most interesting to me are the IDN, there's more than a handful in the top 100 ngtld and they not cheap to reg. If you remove all the $1 or less extension then some IDN look pretty strong.

 

[MR Harrist]

Clearly
.CM registration madness

I am not sure about that! if chinese buy dot CM, just like your thread doesn't mean they know something that we don't know! maybe if they start to buy dot, In! I will change my mind or maybe they buy dot us, like US bond! then I will surely change my mind! that they know something!

 

[garptrader]

DomainsVP's comment is on the money..."If gTLDs were so amazing, you would see a huge sales increase in the existing aged not-coms... but you don't." Why don't we see massive numbers of .Net and .Org and .TV and .CO aftermarket sales to end users for $XXXX+? Because end users generally speaking are not interested in paying more than $xx for a domain name and certainly not for a non-.COM. Yes, they might register an alternative TLD or a three-word .COM or one with hyphens etc for reg fee. That doesn't make them great investments.

 

[wot]

Hong Kong and Macao are special regions and not part of Mainland China and treated differently.

Chinese can gamble when they go on vacation there. One of the main reasons why Macao is so popular as a Chinese tourist destination.

For over 99% of the Chinese population Gambling is not permitted unless they happen to visit Macao or if it is part of a state run lottery.

Gambling is not allowed in HK except for the lottery and the controlled horse racing at Happy Valley and Shatin.
Hongkongers go to Macao/Macau for the casinos, usually by jetfoil ferry. And fly back in a helicopter if they have a good win.

 

[DOMAIN ILLUMINATI]

China has large population and large (potential) demand.

That's it.
China is CHINA.

 

[Wass]

That's it.
China is CHINA.

Yes, China should not be underestimated.

 

[ambrose.xu]

we r in different domain world, we drink tea, u drink coffee .
parts of your oppions are right.
as i know:
1.internet and mobile internet industries are both hot in china since 2000,
there are so many teams create new products or practise their new ideas on internet,
they need nice domain names for their brand, that is the basic demands.
2. there are no nuggets in .com and .net ,good resouces have been monopolized by old domainers,
mini teams can not purchase .com domains at high price, fox example, i have sold .live domain to a team at $450, if they want to purchase LLLL.com for their product name, they had to pay at least $8000.
and the meaning of .live domain which they bought is better than LLLL.com
3.we are gambling on newG future.