new gtlds .XYZ renewals on West.cn will be cheap

[Arpit131]

Leading Chinese registrar West.cn has said it will subsidize .xyz renewals to the tune of $1.5 million.

According to a West.cn press release, CEO He Xiaojiang made the announcement alongside XYZ.com counterpart Daniel Negari at meeting in Beijing on Friday.

The registrar’s .xyz customers “are going to get high rebate back from West.cn so that they can get very low renewal fees”, according to a translation of the original Chinese.

The subsidized renewal price, which starts in June, will be RMB 18 ($2.73), according to the company.
That’s about a $7 discount on West.cn’s usual renewal price of RMB 64.
First-year .xyz prices at the registrar are currently RMB 8 ($1.22).
West.cn is believed to have well over a million .xyz domains on its books. With over a third market share, it’s XYZ.com’s biggest registrar.

http://domainincite.com/20507-west-cn-to-prop-up-xyz-renewals-with-1-5-million-subsidy
Source

I think, this promotional campaign is designed to retain the registrations during Chinese rush.

Thoughts?

 

[usernamex]

Brilliant move, now if west.cn would just create a site in English and offer a transfer special, I'd be there! Curious to see if it will apply to multi-year renewals at the discount price, or just single year, likely have to wait til June 1 to determine.

NameCheap will offer 20% off $9.88 renewal = US$7.90
https://www.namecheap.com/domains/registration/gtld/xyz.aspx

Also mentioned here (maybe merge threads would be simpler?)
https://www.namepros.com/threads/xyz-planning-biggest-sale-the-domain-world-has-ever-seen.949062/

 

[deez007]

Interesting and clever move by West.cn

 

[Jurgen Wolf]

https://www.namepros.com/threads/xy...0-programs-xyz-chatrooms-xyz-and-more.948914/