Chinese domain market : No more Bitcoin exchanges in China

China is getting ready to pull the plug on local Bitcoin exchanges, a step beyond ICO banning. The Chinese government is an unstoppable machine that regulates the Internet in China, hiding many Western service companies behind the Great Firewall. By ending the activity of local Bitcoin exchanges, China intends to strengthen its control and regulation […]

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Chinese domain market report : No more VPN access in China

The Chinese government wants its citizens to play nice, and refrain from using virtual private networks (VPN) to access forbidden content. VPNs allow the bypassing of China’s “Great Firewall” aimed at restricting access to overseas web sites. With that in mind, Apple was ordered to remove VPN apps from its store, and the 15th biggest […]

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New six percent tax in China : Domains are now “intangible assets”

On July 1st, China introduced a 6% tax levy on domain names, and this is good news. Some might wonder, how would an act of “Communist Capitalism” such as this be “good news” for the Chinese domain investors? Very simple. According to this chart sheet in Chinese, domain name sales are categorized as “Sales of […]

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Chinese domain market report : New law in China affects domain name operators

China‘s financial model of “Communist Capitalism” is an amalgam of an authoritarian, government-enforced ruleset, combined with an open, yet heavily regulated market. A new law taking effect in June will be affecting domain name operators, as follows: Provision on the Administration of Online Publishing Services – An online publishing services provider should: Obtain an online […]

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Chinese domain market report : China’s new cybersecurity law is bad news

China operates on the principle of “Communist Capitalism” – an amalgam of progressive regulations on trade, with a large dosage of government control. The Communist government of China has now passed a new law on cybersecurity, and this is really bad news. For starters, the Chinese will have to register their real names when using […]

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Chinese domain market report : Want to start a business venture in China?

China is the world’s 2nd largest economy, thanks to its vigorous implementation of Communist Capitalism and its unique financial model. The government decides which ventures are hot, and offers subsidies to start-ups that meet its criteria. Government officials are creating investment funds, providing cash subsidies and building incubators for thousands of Chinese companies in the […]

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Chinese domain market report : Communist Capitalism in China

As the 2nd biggest economy in the world, China has been an active member of the G20 – an international forum for the governments and central bank governors from 20 major economies. The 11th G20 Summit will be held in Hangzhou, Zhejiang on September 4 and 5, a clear demonstration of China’s financial power. So […]

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Chinese domain market : Don’t be seen sucking on a banana in China

China is the world’s most populous nation, with an estimated 1.375 billion people. That’s 18.58% of the world’s population. In recent years, the Chinese government has implemented what we call “Communist Capitalism,” a combination of opening the market and controlling it at the same time. This type of madness can lead to some bizarre intervention […]

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Chinese domain sales : Communist Capitalism and China

China‘s transition from full fledged communism to open market capitalism might not happen after all. The world’s 2nd largest economy is a unique amalgam of cultural and historical points, each of which define its political and financial position on the global map. Poland, a former communist country-satellite of the late USSR, has a lot to […]

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Chinese domain market sales : Get ready for China’s intranet

Thought about starting a business in China? Better read the small print. A new law under consideration by the Chinese Ministry of Industry is preparing the ground for extensive regulation of the Internet. The law essentially seeks local representation of every TLD or gTLD provider, other than .CN and .中国 – China’s national top level […]

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Chinese domain market sales : Zlatan Ibrahimovic to China for 75 million euro?

The Chinese economy is swimming in two things: dollar liquidity and promises. Billions of dollars were lost during the Chinese stock market crash of 2015, and that led Chinese investors to other, untapped markets. Both Bitcoin and domain names became the next cash-vessel du jour, and a pyramid scheme in China ripped off investors promising […]

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Chinese domain market sales weekend recap : China Jewelry Corp scam video

Weekends in China are short; the Chinese bank employees often work hard to ensure that the week ahead produces the results expected. China’s government exerts a tight control over the country’s financials. Communist Capitalism is the way of the 2010’s and although it wasn’t always like this, China is by far the world’s 2nd largest […]

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