Domain sales Made in China.
In recent years, China‘s financial markets have become the new Wild West East where fortunes are made, or one’s own shirt is lost.
Just a year ago, the loss of $5 trillion dollars in stock valuation was China’s largest stock market bubble burst.
Recently, SoftBank Group Corp, the largest investor in Alibaba Group, sold off $8.9 billion dollars‘ worth of shares, as part of a major fundraising effort. The Alibaba group has been under SEC investigation, according to reports.
But the crafty Chinese investors moved onto other commodities, such as Bitcoin and even domains, treating the latter as vessels of untaxable money as opposed to long term investments.
According to Sedo, 54% of all new gTLDs are managed by Chinese domain investors. The upselling hype, combined with specially low pricing at below cost, have created millions of new domain registrations.
The practice is reminiscent of penny stocks, where money is made in short term trading and small fluctuations of value.
In the case of domains, the holding period is one year, and many Chinese are apparently led to believe that they can turn a profit before renewal time arrives.
One wonders how many Chinese domain investors will escape by the skin of their teeth in the process. 🙁
We keep domain sales of short domains in the .CN, .COM and .NET TLDs, so as long as they are between 2 to 4 characters in length they appear in this regular column, exclusively on DomainGang.
Here are today’s names:
kbf.cn
rtf.cn
0947.com
1953.com
3558.com
6385.com
jbzc.com
mpgq.com
nsxq.com
pswx.com
qgtx.com
qjpl.com
qpbl.com
rfhp.com
rgqq.com
tkql.com
tqkn.com
wbqz.com
xrxm.com
yztn.com
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