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 publishing services license
  • Implement an annual examination system
  • Keep record of the publication’s information (content, date, website or domain) for 60 days.

Looks like more tracking of activities by the Big Brother are in order.

Meanwhile, Chinese domain investors trading domains in China are beginning to address the issue of stolen or “black domains,” often referred to as “black rice.”

The number of “forever stolen” domain names that end up in China, is unknown; quite often, such stolen domain assets get resold many times over, for marginal profit. This type of domain laundering makes it impossible to know whether a domain was traded into China legitimately, hence the need to address such issues among the Chinese domainers.

Onto the Chinese domain market report.

We keep track of domain sales of short domains, between 1 to 4 characters in length, that that place among the Chinese, for the .CN, .COM and .NET TLDs.

Volume of sales remains steady, all while pricing for “Chinese domain Chips” has dropped in the $1,100 – $1,300 range.

Today’s list spans May 5th to May 8th, 2017.

It’s interesting to note that one of the short domains that changed hands during this period in China, is – a domain sold by Rick Schwartz for $818,181.81 dollars in late 2015.

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