Chinese domain sales : Massive ‘Chips’ domain portfolio on the chopping block!

Huge domain news about a large LLLL .com domain portfolio holder, but first, some facts about China’s economy as of February 1st.

The Year of the Monkey is about to arrive in China, and the numbers about the manufacturing performance in China are outright as ugly as a monkey’s ass.

The Purchasing Managers Index (PMI) of China fell to 49.4 – the lowest it has been in 3.5 years.

A PMI of more than 50 represents expansion of the manufacturing sector, compared to the previous month and China is clearly on a contraction course.

That’s not where the ugly news about China’s economy end, as several large Chinese companies are announcing severe profit loss warnings:

PetroChina 60-70% profit loss
Jiangxi Copper 60-80% profit loss
China Oilfield 85% profit loss
Zoomlion Heavy 80-90% profit loss
Faw Car 88% profit loss

Yikes!

And now for the big news about a large LLLL .com portfolio of “Chips” domains that hit the proverbial chopping block.

Hong Kong based “Zhao Dan” is selling numerous “Chinese premium” letter LLLL .coms, in what appears to be one of the largest attempts to cash in one’s chips, in recent memory.

Over-supply often leads to further dropping of prices, and this list of 227 LLLL .com domains is massive!

Will other large LLLL .com portfolio holders follow?

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