West.cn to prop up .xyz renewals with $1.5 million subsidy

Discussion in 'New GTLDs' started by domainking131, May 30, 2016.

  1. domainking131

    domainking131 India Forum Leader Staff Member

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    Leading Chinese registrar West.cn has said it will subsidize .xyz renewals to the tune of $1.5 million.

    According to a West.cn press release, CEO He Xiaojiang made the announcement alongside XYZ.com counterpart Daniel Negari at meeting in Beijing on Friday.

    The registrar’s .xyz customers “are going to get high rebate back from West.cn so that they can get very low renewal fees”, according to a translation of the original Chinese.

    The subsidized renewal price, which starts in June, will be RMB 18 ($2.73), according to the company.

    That’s about a $7 discount on West.cn’s usual renewal price of RMB 64.

    First-year .xyz prices at the registrar are currently RMB 8 ($1.22).


    Source

     
  2. wot

    wot Thailand Well-Known Member

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    Do I smell fish?
     
  3. Jeff
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    Jeff Canada Administrator Staff Member

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    Seems to be a numbers at any cost strategy.
     
  4. Jeff
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    Jeff Canada Administrator Staff Member

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  5. wot

    wot Thailand Well-Known Member

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  6. sharkantropo

    sharkantropo Venezuela Member

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