Chinese domain market report.
In recent weeks, acknowledgements of the Chinese domain market’s dismal performance this year, have started to appear.
Domain forums are abuzz with the shockingly low numbers one can get from selling “Chinese premiums,” as compared to 2015.
Punch-drunk from last year’s stellar performance, those who insisted it wasn’t a bubble, carried on the game of musical chairs; many listened to their siren song, unfortunately.
A lot of Chinese domain investors were caught in this game, which started two years ago by a Hong Kong investment fund.
Sales volume is currently very low, particularly among the LLLL .com “Chips” genre. These QXZJ combos that were selling for $10 – $40 until 2014 jumped above $2,500 last year. This year, we’re witnessing a dramatic drop, even below the $x,xxx mark.
Why is that?
Constant trading of these assets by Chinese domain investors, as opposed to actual use, led to the devaluation of these domains. There are simply very few buyers left to keep on buying at higher rates.
The pyramid has reached its peak growth rate and height!
Even LLL .com domains of lesser quality letters witnessed a drop in prices consistent with their previous value before the Chinese domain game began.
We keep track of transactions for short domains, between 2 to 4 characters in length, for the .CN, .COM and .NET TLDs.
Today’s list is longer than expected, thanks to some portfolio sales.
gcpy.cn
ptjs.cn
bklb.com
bygb.com
byhd.com
dgpk.com
dwzc.com
gjgd.com
hjll.com
hmyw.com
jhlz.com
jwkb.com
jznh.com
kfzk.com
kmww.com
kpqq.com
kzjd.com
ldcj.com
ldzf.com
lhxw.com
llkx.com
lszw.com
mxpp.com
mzcb.com
nnkq.com
pryw.com
qmrz.com
rpyy.com
sgxl.com
sjqt.com
sqjd.com
sxft.com
sxnk.com
sxnt.com
sxwf.com
syzq.com
tjhm.com
tkzz.com
tzcr.com
tzdl.com
tzhp.com
tzpn.com
tzwq.com
wbqq.com
wqtx.com
xdpw.com
xdxm.com
xlkb.com
xxbn.com
xyfw.com
xyjr.com
xzkb.com
yddb.com
yhzf.com
ypzf.com
zgnk.com
zhfk.com
zkld.com
zksx.com
zkzb.com
zqwj.com
ztcw.com
zwpw.com
Lol
The entire World economy is screwed. The domain market is nothing compared to other industries. No kidding the market is down, the entire economy is down. Actually domains are still a great way to store and transfer value across borders. $20 to $40 domains still selling for hundreds or more. Yeah bad market. Haha.
Steve – Those that bought at $40 are good. Those that bought at the market’s height are SOL. Those that bought NNNNNN and other junk are beyond that.
Of course anyone that buys the top of ANY market will LOSE. This is not exclusive to domains. Saying that the domain market is dead is just wrong. Maybe you and others bought at the top and are mad at those that didn’t. Doesn’t mean that the market is dead, just means you better work on your timing in and out of markets. One name I paid 15 bucks for was 177785.com. Do you think this is a worthless domain? My experience with offers for it says there is still lots of room over $15 for a bit of gravy.
Cheers!