Epik Escrow

Domains are real addresses, and the Chinese government says so

Labeled as domains in Domain Industry News started by Domain_savvy, Feb 25, 2019.

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  1. Domain_savvy

    Domain_savvy Established Member

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    Interestingly Chinese government has treated Domain address equal to a physical address.
    Source: https://coreile.com/p190223.html

    "A recent announcement by the Chinese government has changed the concept of a domain. It's not only an address to build your store, it can also be used as an official address to register your business.

    On January 1 this year, the Chinese government introduced a law which allows small ecommerce merchants to use their domain as the official address when applying for a "Business License for Individual Industrial and Commercial Household" (个体工商户营业执照). This is good news for the 65 million small merchants in China. Many of these merchants do not operate any store in the physical world but their entire business exists in the digital world. So, it is natural to use a digital address for a digital business.

    According to Chinese news media, Ms. Fang WANG became the first ecommerce merchant on January 9 to acquire a business license based on this new law. The license lists the domain Qifuwu.vip as the official address for operating an online business to provide wholesale, retail, and servicing activities of electronic products. The domain is already operating, and you can actually see a copy of the business license at the bottom of its home page.

    This new law indicates a change in the traditional thinking that a business must exist at a physical address. No more! Now you can open a store at an address in the digital world without any concern for your physical location. Since the internet is global by its very nature, your store becomes global on day one. Therefore, when you name your business, make sure it is easy to pronounce and remember for the global audience."
     
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  2. MadAboutDomains

    MadAboutDomains Top Member VIP ★★★★★★★★★★

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  3. Fancy.domains

    Fancy.domains Selling gTLDs like delicious hotcakes Gold Account VIP

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    Very interesting! Thank you for this story!
     
  4. alcy

    alcy Top Member VIP

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    its nice... but... its been a while since chinese gov did something just for the benefit of its citizens rather than itself... maybe a way for chinese gov to collect more taxes?
     
  5. JordanH

    JordanH Established Member

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    Sooo...
    What about mail? Where does mail for a business go then? xD
     
  6. EbookLover

    EbookLover Top Member VIP ★★★★★★★★★★

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    Well of course the CN govt wants to treat virtual addresses as real addresses. they register domains right an left. if I had a dollar for every domain I dropped that ended up being a spammy Chinese park page, I'd be retired lol
     
  7. MadAboutDomains

    MadAboutDomains Top Member VIP ★★★★★★★★★★

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    To an email address on that domain I assume... Maybe it's by convention like [email protected] :glasses:
     
  8. HappyW

    HappyW Upgraded Member Gold Account

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    It was not as simple and smooth as I expected. I tried to apply with the domain name, but the government did not give an accurate reply. It's been a month.
     
  9. Qutest

    Qutest Established Member

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    This is so good,I've been hoping to sell Shirt Vendor.com to a Chinese buyer.
     
    Last edited: Feb 26, 2019
  10. HappyW

    HappyW Upgraded Member Gold Account

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    ShirtVendor whats mean? :P
     
  11. EbookLover

    EbookLover Top Member VIP ★★★★★★★★★★

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    someone who sells shirts

    [​IMG]

    +

    [​IMG]
     
    Last edited: Feb 26, 2019
  12. Domain_savvy

    Domain_savvy Established Member

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    😂😂😂😂 Hillarious
     
    Last edited: Feb 26, 2019
  13. Almarri.Company

    Almarri.Company AZ.Company Gold Account VIP

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    B-) Thanks for sharing . Great future for domain names ;)
     
  14. henrypcyeung

    henrypcyeung Established Member

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    I think there are some reasons:

    1. China recently announced that all online merchants (including those currently operating on Taobao and other e-commerce platforms) must pay texes.

    2. Domain names are indeed digital addresses and unique. Buying domain names is like buying houses and there are records of details about buyers and sellers. So the Chinese government can verify the online merchants' identities easily. Emails are unique but we cannot verify identity by using emails.

    3. There are many small online merchants selling online but working at homes. It is nonsense to use home addresses as business addresses, and it is hard for the merchants to provide business addresses if selling on Taobao and other e-commerce platforms.

    4. It may be easier for the government to find out those small online merchants who do not pay taxes.


    It is a good news for domainers because the demand for domain names in China will be higher.
     
    Last edited: Feb 27, 2019
  15. JudgeMind

    JudgeMind Top Member PRO VIP Trusted Contest Holder

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    soo they should all sell for the same price as a home or business... right?
     
  16. HappyW

    HappyW Upgraded Member Gold Account

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    You think too much. People can't sleep, but people can trade without domain names.
     
  17. Lesson

    Lesson Established Member

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    Email
     
  18. henrypcyeung

    henrypcyeung Established Member

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    Things in digital forms are generally cheaper than physical forms due to lower costs.
     
  19. johnnie018

    johnnie018 Restricted

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    Well this sounds dubious AF and probably related to seizing property or jailing people given the source.

    Yeah, you can be the first person to pay a house price for something with unlimited supply and no intrinsic value.
     
  20. offthehandle

    offthehandle . Gold Account VIP

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    Interesting a registration service uses a .VIP address, confusion from legacy .Com or .Net both owned by Chinese. Qifuwu in com is available for sale, I wonder if they will switch? I would imagine all "lucky" and dropped 6 digit numericals might once again have a boom. lol.

    For those interested in keeping up in english about Chinese business activities- chinaskinny.com has a mailing list, I have read a number of articles in the past about developments.

    https://www.chinaskinny.com/tools/city-tier/ they have stats on marketing

    https://www.chinaskinny.com/?s=website <------ to find articles on websites, etc.

    enjoy. Here is one, but abit old.

    https://www.chinaskinny.com/blog/website-china-marketing-mix/
    https://www.enterpriseinnovation.ne...g-online-channels-over-store-visits-568546426
     
  21. IMEZI

    IMEZI Top Member VIP ★★★★★★★★★★

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    start from one country and it might spread allover the world, hopefully it will be supported with more online security filter
     
  22. crabfoot

    crabfoot Established Member ★★★★★★★★★★

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    I can see several ways for the Chinese merchant to use this to dodge taxes, rather than pay taxes . . .
     
  23. JordanH

    JordanH Established Member

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    Yea, but often enough you need physical stuff. Such ass certain business documents that are needed as hard copy. Even then, if you did need to order a physical item for your business where would it go? o.O
     
  24. ddfenton

    ddfenton Established Member

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    I wonder if we'll be seeing domains sold on Ali Express anytime soon.
     
  25. henrypcyeung

    henrypcyeung Established Member

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    I think many small online merchants store their physical business items at homes or in rented storerooms.
     

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