According to a blog post appearing in .XIN registry, the domain name 88.XIN recently sold for ¥1,140,888 at a domain name auction, which is around $180,000 USD.
According to the blog post .XIN sold a total of 9 domain names for 3.14 million yuan which equates to over $523K USD.
Other domain name reportedly sold in the auction included 789.xin for 400,500 yuan and 188.xin for 403,800 yuan which comes to around $67k USD each.
.XIN is a new gTLD and according to ntldstats.com has almost 90,000 domain names registered.
We have no independent verification of the sales
Pump from the registry.
It’s a curiosity why suddenly the Chinese are swarming to domain names. Is this maybe related to domain conferences occurring there or some new access to unrestricted internet around the world? There’s a been a sea change of such magnitude makes you wonder what brought this on.
I can’t remember seeing a domain fever like this, and from one country (China).
Amazing transfer of monies in 2015 from Chinese domain investors — mind-boggling.
Win for the owners./sellers
There is an excellent article out on Nov. 7th at Business Insider which give many details as to why the China domain phenomenon is occurring
I won’t post a link but do a search for the title and you’ll find it. Very informative:
“China is buying up the Internet”
Thanks, Mark. Just read the Business Insider article which is a good primer on the importance of numbers and symbols in Chinese language. Domains with vowels are considered “second tier”. The article didn’t quite address the question of “Why now?”. These 4-6 character dotcoms have been around forever.
I’ve learned to not trust everything these registries say. I have no idea if that’s the case here.
There should be an independent verification of the sales in order to get the authentic data.
Chinese investors are crazy!
it’ nice name in china. .xin is alibaba’s domain.