new gtlds Chinese firms jump on trading opportunity in new domain names

[News]

While these extensions are being introduced gradually, rights to some of the popular ones have already fetched large sums of money from companies that sell domain names to the public, also known as registrars. For example, the rights to offer the .shop extension - mostly to e-commerce players around the world - was snapped up by GMO Registry in Japan for about US$42 million.

Data collected by Sedo showed that currently 54 per cent of all domain names with the new gTLD extensions are owned by the Chinese. As a result of the technology boom in China, due in part from the runaway success of the likes of Alibaba and Tencent, the number of domains purchased from within China rose 400 percent between 2013 and 2015.

Voss explained domain names were valued based on how easy they were to understand and remember, and their relevance to companies that owned them. Generic words and phrases, particularly the "category killers," tend to fetch a lot of value in the domain trading market, he added. Examples of category killers include books.com or antique.com...

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[alcy]

happy for registrars.. cause they make money.
happy for non chinese domainers like me and u, for having less inventory to be tempted by... and more money to spend on real domains... .com.

 

[deez007]

This was an Interesting read, definitely worth taking the time to read through.

 

[frank-germany]

yes interesting but only this:

scmp.com
South China Morning Post.


"garbage" 4l.com CHIP domain

now owned by alibaba

 

[1NiteStand]

scmp is pretty significant and has been a long time in hk and cn so the dot com is a no brainer on value