Chinese domain market report : China will rate its citizens, domainers included

Chinese domain sales report.

Chinese domain sales report.

China is the world’s most populous nation, with 1.384 billion people.

As the world’s second largest economy, it’s also a test-bed for massive scale social experiments, the latest of which sounds rather ominous.

The Communist party that rules China, is planning to give its citizens a rating, assigning a score will decide basic freedoms, such as credit-worthiness and ability to travel freely.

The “social credit system” is still in the works and it would definitely affect Chinese domain investors, who treat domains as financial vessels to store – and export – wealth.

Would the Communist party approve?

The Chinese domain market has slowed down substantially in recent months, and everyone is looking forward to the end of the year.

We’ve been keeping track of short domains, between 2 to 4 characters, for the .CN, .COM and .NET TLDs. As volume of sales has fizzled, we report every few days on domains that changed hands.

Today’s list spans October 26 – October 29; compared to recent reports, cumulative volume is higher. Will this upwards trend continue? We hope so.

After all, Chinese domain investors who spent good cash to acquire these “Chinese premiums” are hoping to recoup their investment which has lost 60% of its peak value.

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