55BBS was a Chinese lifestyle shopping website founded in 2004. It was acquired by CNET in 2008. Reported here CNET (NSDQ: CNET) Networks, in the process of being bought by CBS Corp (NYSE: CBS). is buying Beijing-based 55BBS, a lifestyle and shopping website, for an undisclosed sum. This comes amidst rumors about CNET rethinking its Chinese portfolio, and possibly even disposing it off as … [Read more...]
Xiaomi founder, on the importance of a domain name
Xiaomi Corporation is a Chinese electronics company founded by Lei Jun in 2010 and headquartered in Beijing. Lox posted a link to a video of the founder of Xiaomi on the importance of domain names. Kassey Lee added: Well said, but Xiaomi is not easy to pronounce outside China so it's not globally oriented. That explains why they shelled out $3.6m to acquire Mi.com as its corporate … [Read more...]
One investor asks,”4L CHIPS: Wasn’t it the best example of pump and dump?
In 2015 the emergence of so called ugly 4L.com names started their rise. People started posting wanted threads on Namepros, "Looking for 4L.coms no a,e,i,o,u,v." The prices started to pick up pretty rapidly, I owned two 4L.coms and the first one I auctioned on Namepros and it sold for $335. I auctioned the other on NameJet a couple months later and that sold for $1,500. Prices continued to … [Read more...]
China declares ICO’s illegal
The Financial Times wrote an article today on China declaring ICO's (Initial Coin Offerings) illegal. China has called for a halt to raising money via the ICO route. Focusing on the fraud aspects, regulators also stated that ICO's had "thrown the social economy into disorder." The article goes on to state that Chinese investors will still find ways to invest in ICO's outside of … [Read more...]
If you want to post online in China, you need to use your real name
Nikhil Sonnad published an article on QZ.com that China will now demand users give their real identity while commenting anywhere online. Certain services and websites have already had to require real identities from users, but now it seems it will be ubiquitous. From the article: “For users who have not given identifying information, platforms for and providers of online communities may not … [Read more...]
Chinese Are 9 of Top 10 Biggest Registrants of New gTLD’s; Top 10 Own Over 10% Of All New gTLD’s
I was looking at ntldstats.com checking out the top registrants of new gTLD's and of the top 10 biggest registrants of new gTLD's 9 are from China. Moreover the top 10 registrants account for over 3.2 million registrations of new gTLD's. According to ntldstats.com there are 29,194,819 new gTLD's registered, meaning that the top 10 largest new gTLD domain owners account for just over 11% of … [Read more...]
Selling domains in China
ChopChop Domains published a video on their YouTube channel that delves into selling domains in China. The video details the adventure from March 2014 to January 2017. Besides domain names it seems there were a lot of dumplings consumed. Follow key executives from ChopChop's parent company, TLD Registry, Ltd. (and their marketing partners from .CLUB) as they spread the word about fully Chinese … [Read more...]