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Old 19th August 2006, 03:31 AM
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CNN news: Chinese domain name sells for $160,000

http://edition.cnn.com/2006/TECH/int...ain.name.reut/

Chinese domain name sells for $160,000

Friday, August 18, 2006 Posted: 1701 GMT (0101 HKT)

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Manage Alerts | What Is This? BEIJING, China (Reuters) -- A sale of Chinese Internet domain names netted more than $160,000 on Friday in what organizers said was the biggest such auction yet in the computer-crazy country.

A pair of sites named for ultra-mobile personal computing (umpc.cn and umpc.com.cn), one of the hottest technologies around, fetched an eye-popping 390,000 yuan ($49,000).

Generic domain names including art.com.cn and book.com.cn sold well above their reserve prices, while caipiao.com -- "caipiao" means lottery ticket in Chinese -- fetched 37,000 yuan.

"I think today was a definite step forward in this market," said Ranger Wang, who organized the auction in a Beijing hotel and was the seller of the "umpc" names.

The prices fetched were far from the giddy sums that change hands in the West. Five of the 12 names up for auction failed to attract a bid. But Wang said the sale total of 1.3 million yuan was, as far as he knew, a record for China.

"Before this, domain name auctions were very small affairs and were never really successful," Wang told Reuters after the auction, beads of sweat still on his brow.

"I haven't had a chance to really do the maths, but I think today's result was quite satisfying," he said.

Not entirely satisfying. "I take it the technology is a bit outdated now?" the auctioneer quipped as his pleas for a bid for dvd.com.cn fell on deaf ears.

Copyright 2006 Reuters. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.
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Old 19th August 2006, 03:39 AM
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Re: CNN news: Chinese domain name sells for $160,000

http://www.idnforums.com/forums/6097...-yet%29-a.html
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Old 19th August 2006, 03:45 AM
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Re: CNN news: Chinese domain name sells for $160,000

Quote:
Originally Posted by 261275
I am sorry,I dont know that you have post.please move my post .
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Old 19th August 2006, 03:48 AM
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Re: CNN news: Chinese domain name sells for $160,000

Nothing to be sorry about , we need to contact this guy to get a chinese idn auction going...
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Old 19th August 2006, 04:05 AM
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Re: CNN news: Chinese domain name sells for $160,000

Must be some kind of lucky number.
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Old 19th August 2006, 04:12 AM
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Re: CNN news: Chinese domain name sells for $160,000

Quote:
Originally Posted by 261275
Nothing to be sorry about , we need to contact this guy to get a chinese idn auction going...

hehe, Auction organizations name is 血蜘蛛,he very like China idn,idnforums many Chinese people have associated with him.
His personal home page : www.血蜘蛛.com

Auction home page:www.赢在米坛.com or www.winindomain.com
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Old 19th August 2006, 04:20 AM
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Re: CNN news: Chinese domain name sells for $160,000

Thanks for the info!
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Old 19th August 2006, 06:12 AM
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Re: CNN news: Chinese domain name sells for $160,000

Quote:
Originally Posted by symatao
hehe, Auction organizations name is 血蜘蛛,he very like China idn,idnforums many Chinese people have associated with him.
His personal home page : www.血蜘蛛.com

Auction home page:www.赢在米坛.com or www.winindomain.com

Very interesting that his homepage & auction page are in dot com that must be his favorite.
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Old 19th August 2006, 08:53 AM
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Re: CNN news: Chinese domain name sells for $160,000

Quote:
Originally Posted by symatao
hehe, Auction organizations name is 血蜘蛛,he very like China idn,idnforums many Chinese people have associated with him.
His personal home page : www.血蜘蛛.com

Auction home page:www.赢在米坛.com or www.winindomain.com

Thanks for the information!


Do you know if he auctions .cn domain names for people in US?
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Old 19th August 2006, 02:10 PM
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Re: CNN news: Chinese domain name sells for $160,000

Maybe now he can buy winningdomain.com
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