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discuss Transfer of A Domain Name Amount to A New Registration

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Because of the event Investor bought weixin.com for CNY 30 millions, While Tencent gets it for free?! , we noticed this:

WIPO Overview 3.7:“···While the transfer of a domain name to a third party does amount to a new registration, a mere renewal of a domain name does not amount to registration for the purposes of determining bad faith. Registration in bad faith must occur at the time the current registrant took possession of the
domain name...”

Many Chinese investors expressed their idea on the regulation, and they think it is unreasonable. What is your idea?
 
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