These are some of the Chinese domain name investors buying your domains.
The domain name market in China is hot and is driving major price appreciation, especially in short domain names.
What’s the Chinese domain name community like? A lot like that in other parts of the world. It has its own “big personalities” and players. It also has its own gatherings and domain name auctions.
Last month, 域名圈 organized a live domain name auction in Beijing that attracted 200-300 people. 域名圈 loosely translates to Domain Name Circle or Domainer’s Circle. (域名 is domain name and 圈 is circle or ring.) The group is led by 王培陛 (WANG Peibi).
The top sale from the event, as reported by 邓玉生, was 32.cn for 1,470,000 CNY ($237,000 USD).
(A NamePros post about the event apparently erroneously includes some domain names that weren’t offered at the auction, including 9.top, 0317.top and 52.com. 52.com has been reported to have sold for seven figures prior to this auction, but the domain name hasn’t been transferred yet.)
Photos from the auction look a lot like that of a live domain name auction in the United States, even down to the attractive models hired to liven up the show. Sponsors included Verisign, CNNIC and the .Top registry.
Many thanks to Simon Cousins and his team of China experts at Allegravita for helping me translate and understand this auction. Allegravita has helped a number of top level domain name companies target the Chinese market.
Photo source: 邓玉生 posting.