Chinese domain sales report.
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 massive returns via Bitcoin.
Promises of a successful and quick return on investment is what drives China’s investors awash in cash, to spend money. The Chinese government is actually supporting this display of “Communist Capitalism,” encouraging spending.
In a grand example of extravagance, top European soccer (football) player Zlatan Ibrahimovic, received a gigantic offer to play in China’s sports league, when his current contract expires. The offer is a massive 75 million euro, and the Chinese will probably pay more.
Chinese domain market sales have lost their 2015 oomph in terms of return, but the volume increases when portfolio holders, such as Elequa, or Shandongshengcaoxian decide to cash in.
We keep track of transactions among domain investors in China, for short .CN and .COM domains of 2 to 4 characters in length. Some data is provided by BenMi.com, the Chinese domain sales tracker.
Here is today’s domain list:
fdz.cn
gmj.cn
kkz.cn
krz.cn
lmp.cn
plt.cn
wqc.cn
byw.com
dbj.com
jzd.com
psj.com
wlr.com
xfw.com
xtj.com
yzf.com
zzc.com
5265.com
7315.com
gmhl.com
qlgk.com
qpgg.com
qqmb.com
rngw.com
wzfp.com
wzzs.com
zqcc.com
The list is longer than usual, as another Chinese domain investor going by the name of “shen zhen xiaoqiang” sold a small portfolio included on today’s list.
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