According to a story out tonight in Chinatechnews.com, the buyer of the domain name 37.com for $2.1 Million dollars is Shanghai-headquartered 37wan.net a Chinese Gaming company
The company officially renamed the company 37 Game today.
Li Yifei, president of the company said “the market for web game exports is optimistic and it is a necessary way for gaming companies to expand into overseas markets. ”
“He revealed that 37 Game will launch its mobile game distribution in China and abroad simultaneously. ”
“By choosing 37.com as their new domain, the company aims to help global users remember their game brand. ”
My favorite quote from the article:
“He did not reply (Li Yifei, president ) to questions about the phenomenally high amount of money paid for the domain name.”
That quote was in the original article who the author of must not be aware of many other large dollar domain purchase
“The company predicted that 37 Game’s net profit in 2013 will not be lower than CNY220 million”
In Us Dollars that is $35,839,320, profit.
Guess they could afford the $2.1 Million.