.Club domains get government approval and can now be hosted in China

IT.com

domainking131

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.CLUB Domains announced today that China’s Ministry of Industry and Information Technology has granted a license to .CLUB’s Beijing based wholly foreign-owned entity (WFOE) company, making it among the very first foreign registries of a new gTLD (generic top-level domain) to be approved by the Chinese government.

.CLUB is among the first 3 foreign domain name registries approved by the Chinese government along with .VIP and .XYZ.

Previously, only Verisign (.COM, .NET) had been awarded approval as a non-Chinese registry. China accounts for more than 42.5% of all new gTLD registrations or more than 11 million new domain name registrations, according to ntldstats.com – making it one of the world’s most influential markets for the Internet domain industry.


Source
 
The Chinese mostly prefer .cn, .com, .net for building real websites.

New Gs will die. :)
 
Yes - I'd think that this is a huge competitive advantage for those approved.
 

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