eName now listed as sole shareholder of GoldenName entity.
Consolidation in the Chinese domain name market has begun.
Based on a Chinese corporation document and discussions with industry sources, Domain Name Wire has confirmed that eName now owns domain marketplace 4.cn.
Sources tell Domain Name Wire that DN.com and other properties under the GoldenName umbrella are included in the deal, although I haven’t been able to confirm this from official documents.
A source says the deal can be considered more of a merger than an acquisition.
For its part, DN.com company representatives have denied an acquisition. After DN.com went down last week due to an ownership transfer, a company representative posted a carefully worded explanation on NamePros, stating:
Please understand that taking down www.DN.com temporarily was a prerequisite move if we wanted to modify the entity. We did this to coordinate with the lawful procedures.
For you to understand it better, we’d like to explain the exact procedures that we need to go through. We hope everyone can take an objective perspective over this. The official term is called “备案（bei an）”. “备案（bei an)” is to register the website and the company with the government’s network authority, in which procedure we report to the government about what the website’s business is and which company the website belongs to. It is because of our development plan, that we are changing the entity from “Hangzhou Midaizi Network Co., Ltd.”(also the mother company of 4.cn) to “Hangzhou YunBiao Intellectual Property Agency Co., Ltd.” Both companies belong to John Xu, 4.cn owner.
Although John Xu is still named on a Chinese corporation document for “Hangzhou Midaizi Internet Limited”, a Chinese company search shows that eName is the only shareholder. Records show that the ownership of the entity changed on March 3.
A DN.com company representative again denied the company was acquired in a comment on Domain Name Wire. I reached out to DN.com customer support this morning for a comment about the company search showing eName as the owner of Hangzhou Midai.
It’s possible that there are technicalities around the ownership, which is perhaps why DN.com was moved to a different entity than the one that owns 4.cn, but sources believe the transaction includes DN.com and other affiliated sites.
This is a developing story, and I should have more insight later today.