China: A vast land of many opportunities.
China’s economy has been extremely volatile since the beginning of the year; numbers at the Chinese stock market are down 18% since their 52-week high, indicating the oncoming of a bear market.
According to some, domain names have become a means of alternate investment – or of cash funneling away from China – and “chips” in particular are seen as a solid conversion of money into appreciating assets.
Parenthesis : As explained to us by a very important domain investor during NamesCon 2016, the LLLL .com market was specifically created by a group of fund managers in China, in order to leverage a millions-strong fund into intangible assets. It is an artificial market, unrelated to any real need or use for those domains, that are being traded as stocks. Domain investors looking to invest long term in these assets should be aware of the particulars of this artificial bubble.
Currently, short domain names such as two letter and three letter .com domains are in demand and retain their intrinsic value; beyond that, there is a certain spill-over effect that has given 4,5 and even 6 character domains a trading value.
We keep track of short domain sales in China and report them, almost on a daily basis.
Here are the domains that changed hands most recently:
fkh.com
gjg.com
xbf.com
xhp.com
xyn.com
yjc.com
ymx.com
zcz.com
zjj.com
pztg.com
qqlt.com
ymyh.com
yxkw.com
Some data provided by the Chinese domain market analysis tool, BenMi.
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Although I expect a further crash of China stocks, I guess the price of 2-3 LLL.coms will be soaring to the next higher level.
I mean 2-3 alphabet. Sorry for the inconvenience.