ChinaDaily.com.cn wrote a piece today talking about the increased interest in buying and selling domain names for profit. Most domainers are quite familiar with 4.cn and see some great sales coming out of there.
Here is an excerpt from the article:
An increasing number of Chinese people are realizing the value of Internet domain names. Those who manage to buy good names can make a lot of money. By the end of 2012, China had 13.4 million domain names registered in the country, a 73.1 percent year-on-year increase, according to China Internet Network Information Center. Jin Yan / For China Daily
Domain names are important resources, just like addresses in realty development. Those who spot a potentially prestigious title can make a fortune from investing in domain names. Those who get good names can make great money,” said Shen.
For Shen and many of his peers, who are young and lack capital, investing in Internet domain names is a low-cost and low-risk business.
“If you look at the growth of Internet domain names in China, you will see a huge market and great potential in the sector,” said Shen.
Read the whole article on China Daily