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.
Chinese Domain Name Sells For $160,000
Chinese Domain Name Sells For $160,000
Trend Themes
1. Chinese Domain Name Auctions - The rise of Chinese domain names auctions provides ample opportunity for Domain Name Brokers to provide more services for new domain name owners.
2. Ultra-mobile Personal Computing (UMPC) - With the popularity of UMPCs, the computing industries can focus on developing more innovative UMPC models to increase the demand for such devices.
3. E-commerce Domains - The demand for e-commerce domains is on the rise, and this creates an ideal opportunity for marketers to develop more innovative e-commerce platforms.
Industry Implications
1. Domain Name Brokers - Domain Name Brokers can leverage the rise of Chinese domain name auctions to offer new and innovative services to domain name owners.
2. Computer Technology - In order to take advantage of the high demand for ultra-mobile personal computing, computer technology companies need to invest more resources in developing more innovative models to capture the market.
3. E-commerce - The rise in demand for e-commerce domains creates opportunities for marketing companies to develop new and innovative e-commerce platforms for commercial activities.