YK.com and future of Chinese domain market

domainking131

Forum Leader
Staff member
YK.com was just sold to China. Naturally, we wonder who actually bought it. What’s the reason of this purchase? And, what does it tell us about the future of the Chinese domain market?

A Whois check reveals that the new owner is 徐俊 (Jun XU, also known as Cai Jun XU), founder of 4.cn. The company name is 多麦 (Duo Mai), which owns 4.cn. The registrant email confirms the buyer is related to 4.cn.

Xu is both a serial entrepreneur and investor. A college dropout, he has founded Duomai.com (ad exchange), Haimi.com (overseas buying for Chinese consumers), and many other internet startups. He is also a successful domain investor, owning many premium names such as Game.com which he purchased for $3.4m in 2014. His domain portfolio is estimated to be worth $100m.

Why did he buy YK.com? The hint may come from what Xu said in an 2014 interview after he acquired Game.com: “I hope I will have the resources to develop it in the future. However, I may be tempted to change my mind if a very attractive offer comes.” Game.com has not been developed and is accepting offers. I think YK.com will follow the same path. (You can actually make an offer at https://www.4.cn/buyer/apply-brokerage/DomainName/yk.com.) Xu is both an entrepreneur and a domain investor after all.

YK is an excellent acronym. It may mean 优课 (excellent class), 优酷 (Youku), or 游客 (tourist). Both education and tourism are big money businesses in China. Most importantly, YK stands for Youku, a major video site in China. Youku was listed on NYSE in 2010 and then bought out by Alibaba early this year. It’s official website is Youku.com. An upgrade to YK.com will be sensational, just like the examples of JD.com and Le.com.

According to George Kirikos’s tweet on July 17, YK.com is the 148th LL .com moved to China in recent years and China now owns 22% of all LL .com domain names. This purchase is the continuation of a trend of Chinese entrepreneurs and domain investors buying up very short .com names.

China is experiencing a startup boom, encouraged by government policies and helped by the internet and mobile phone proliferation. A very short domain name on .com is taken as a symbol of business success and global player. Chinese startups also understand from examples such as JD.com that a good domain name is an investment returning in the form of valuable publicity and reduced expenses in search engine placements. The trend will continue as more and more companies follow the examples of JD.com, LE.com, and many other successful startups built on short .com names.


Source
 
  • Like
Reactions: NYK
Similar threads
Thread starter Title Forum Replies Date
Digital Pandit Future Media Architects sells fm.com and mr.com ; FMA has been asking asking $2.5M for FM.com and $1.25M for MR.com. Non-Indian Domains 0
Digital Pandit Future Super wants FutureSuper.com and they're sending flowers to its owner Non-Indian Domains 0
Digital Pandit Can 5G dot .com be a billion dollar domain name in the future ? Non-Indian Domains 0
domainking131 FF.com acquired by Faraday Future Non-Indian Domains 0
W Future keyword name? शर्त.com Indian IDNs 5
Digital Pandit FTA.com sells for $400K Non-Indian Domains 0
Digital Pandit 6th March Market Update: $260k in Sales - Eliademy.com sold for $10,600 Non-Indian Domains 0
Digital Pandit 4th March Market Update: $316k in Sales - TopTea.com sold for $10,500 Non-Indian Domains 0
Sarfraz S DomainNameReference.com a.k.a DnGuide.in - an exclusive guide for domainers Marketing Your Website 1
Digital Pandit DomainSherpa Review: Hip Hop and You Don’t Stop: Sports.Cards, Metaverse.io (again), ClassicRap.com Resources 0
Digital Pandit 3rd March Market Update: $291k in Sales - UTXO.com sold for $20,000 Non-Indian Domains 0
Digital Pandit 2nd March Market Update: $335k in Sales - HomeContractors.com sold for $51,000 Non-Indian Domains 0
DNJournal.com Mules.com Buyer Not Stubborn - Pays 6 Figures in Sale That Tops This Week's Chart The Lounge 0
Digital Pandit 1st March Market Update: $249k in Sales - MedicineOnline.com sold for $15,683 Non-Indian Domains 0
Digital Pandit 28th February Market Update: $334k in Sales - AQS.com sold for $31,387 Non-Indian Domains 0
Digital Pandit 26th February Market Update: $280k in Sales - ThisDoesntSuck.com sold for $10,000 Non-Indian Domains 0
Digital Pandit 27th February Market Update: $262k in Sales - Caymans.com sold for $11,938 Non-Indian Domains 0
Digital Pandit 25th February Market Update: $358k in Sales - 33339.com sold for $18,173 Non-Indian Domains 0
Digital Pandit 24th February Market Update: $394k in Sales - 509.com sold for $106,00 Non-Indian Domains 0
Digital Pandit Sedo's weekly sales list includes a .com domain sold at $117K+ Non-Indian Domains 0
Digital Pandit Betcast.com and Fairway.com gets deals done through horse trading Non-Indian Domains 0
Digital Pandit Efty and Saw.com get into a Brokerage Partnership Registrars 0
Digital Pandit 22nd February Market Update: $344k in Sales - Defendable.com sold for $30,000 Non-Indian Domains 0
Digital Pandit 21st February Market Update: $236k in Sales - CyberHomes.com sold for $11,330 Non-Indian Domains 0
D NavigationSystems.com in Auction on Sedo External Auctions 0
Digital Pandit DomainSherpa Review: Triangular.com, Handshake.me, Backflip.com Resources 0
Digital Pandit 20th February Market Update: $246k in Sales - ArtLex.com sold for $11,000 Non-Indian Domains 0
Digital Pandit 20th February Market Update: $246k in Sales - ArtLex.com sold for $11,000 Non-Indian Domains 0
Digital Pandit 20th February Market Update: $246k in Sales - ArtLex.com sold for $11,000 Non-Indian Domains 0
Digital Pandit 18th February Market Update: $311k in Sale - Subset.com sold for $10,502 Non-Indian Domains 0
Digital Pandit 17th February Market Update: $297k in Sales - PurpleKush.com sold for $12,369 Non-Indian Domains 0
Digital Pandit 16th February Market Update: $348k in Sales - Yamaguchi.com sold for $25,000 Non-Indian Domains 0
Digital Pandit Morgan Linton: From a great domain name to a great business with Beehouse.com Non-Indian Domains 0
Digital Pandit 12th February Market Update: $327k in Sales - Supercharging.com sold for $50,005 Non-Indian Domains 0
Digital Pandit Wholesale Price of .com set to increase to $8.39 from $7.85 Registrars 0
Digital Pandit 9th February Market Update: $310k in Sales - CypherPunk.com sold for $31,277 Non-Indian Domains 0
Digital Pandit Arizona.com changes hands for 6 figures Non-Indian Domains 0
Digital Pandit 7th February Market Update: $312k in Sales - UFOs.com sold for $88,000 Non-Indian Domains 0
Digital Pandit 6th February Market Update: $222k in Sales - PayZone.com sold for $15,000 Non-Indian Domains 0
Digital Pandit 5th February Market Update: $363k in Sales - PayZone.com sold for $15,000 Non-Indian Domains 0
Digital Pandit DomainSherpa Review: Alias.co, ExperienceX.com, AlphaGrow.com Resources 0
Digital Pandit 4th February Market Update: $311k in Sales - AppStack.com sold for $22,350 Non-Indian Domains 0
Digital Pandit It's a first: Users confused RobinHood.club with its .com counterpart New GTLDs 0
Digital Pandit 2nd February Market Update: $773k in Sales - Zag.com sold for $450,000 Non-Indian Domains 0
Digital Pandit 1st February Market Update: $251k in Sales - xWave.com sold for $9,995 Non-Indian Domains 0
Digital Pandit 30th January Market Update: $281k in Sales - AAF.com sold for $45,050 Non-Indian Domains 0
Digital Pandit BestOdds.com sold for $3.6 MILLION!! Estibot Appraisal: $730 Non-Indian Domains 0
DomainFQ.com Faysal Quraishi | Faisal Qureshi | FaysalQuraishi.com Non-India Related Domains 0
Digital Pandit 25th January Market Update: $216k in Sales - Comunit.com sold for $12,000 Non-Indian Domains 0
Digital Pandit 24th January Market Update: $164k in Sales - JuliaShammasHolter.com sold for $5,300 Non-Indian Domains 0

Similar threads

whois

Recent Posts



Forums dedicated to Indian domain names, including buying, selling, appraising, developing, and monetizing.

About Us

Threads
27,439
Messages
74,484
Members
7,669
Latest member
realmoneygaming
Top Bottom