zycfour
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Just saw from ntldstats.com that registration volume of gTLD domains on west.cn broke 1 million, outnumbered Godaddy. Feel the heat of cn domain market.
right, xyz is deadly cheap there, only 4cny, like 65 cents.https://ntldstats.com/tld/xyz
And that seems to be largely due to XYZ extension where West has 332,826 domains and GD has just 33,667.
Chinese buying domains by hundreds and thousands as an investment, maybe US market is more conservative about this; Or there are too many ntlds for US domainers to choose, while in China, there are only a handful http://bzxx.miit.gov.cn:8080/datainfo/miit/miit10057.jspChinese keep purchasing domains and its becoming one of the biggest market for domains.
What happened to the US Market ?? The Biggest Economy in the world
Very insightful. yes, buying domains is considered one of the safest investment in China now.Yes, Americans are not treating it as an alternative to stock market. If just one large company would allocate small portion of its income to such investment, the whole market could get disrupted and distorted.
Chinese don't have much alternatives to invest. The property market busted or is not growing any more. Stocks collapsed. Gold has dropped by about 1/3 from its peak, other commodities also. Hence the frantic desire to find something.