Chinese entrepreneur Neil Shen has insight.
Back in 1999 Shen and three friends had the vision of China's now huge domestic tourism industry. As reported by Christina Larson for MIT Technology Review, the four entrepreneurs developed a travel booking website, Ctrip.com
Shen's insight paid off. And it can be said; this period during the Internet has made many wealthy entrepreneurs.
With China's GDP growing and the domestic tourism industry expanding at a vast rate, as predicted by Shen; along with Ctrip.com having an initial offering on the Nasdaq in 2003, then to see the price double on the first day. Shen, a first generation entrepreneur is now a billionaire.
Shen's interest as an Venture investor from 2005 has led him to stay ahead of the curve and now enjoy what is China's boom in venture capital after eclipsing Europe in 2014 to become second largest destination after the U.S., according to the WEF.
Investors are putting more money into early-stage deals because the competition for safer investment opportunities has become fierce. “The risk-to-reward calculation is changing,” says Rui Ma, a 500 Startups venture partner who splits her time among Beijing, Shanghai, and Silicon Valley."
This is contrasted to the other side of the pond, where VC Bill Gurley reports that tech startups valued at $1 billion, the 'unicorns' are about to burst. Read more at MIT
Welcome to the second 4.cn Marketplace Auction Report. And the 1st! in the West to bring a regular and detailed review of this website. Starting off will be the top 4 sales! Then a market overview list of sales split in extensions and the Flops_or Sleepers, names not reaching the desired price or possible name types with investment potential.
Top 4 Sales.
1 116116.com $6,994 (2015-11-11)
r56.com $5,435 (2015-10-29)
himail.com $5,000 (2015-11-15)
sycf.com $4,852 (2015-11-16)
Very few .nets sold
6397.net $2,399 (2015-11-184.CN) This is more top end for a sequence.
7990.net $739 (2015-10-274.CN)
nnjj.net $604 (USD2015-11-194.CN)
bool.net $270 (2015-11-034.CN)
yewu.cn $4,000 (2015-10-27) Pinyin for Business, Professional Work,
duge.cn $863 (2015-11-20) No pinyin, but the CGT say's 'Chrome!'
hiqq.cn $440 (2015-11-15)
87087.cn $298 (2015-10-26)
shunding.cn $266 (2015-11-17 ) Shun Ding. As with pinyin, each word can have many meanings.
Not a complete word but made up. Something like 'Along Top' or To Follow Top.
mh6.cn $227 (2015-11-10) Where do we see lots of these in other extensions.
interesting.cn $195 (2015-10-26)
ig.ooo $924 (2015-11-21) ooo!
Flops_ or Sleepers?
If you're buying and selling for the Chinese domain market and have not been using 4.cn, I would highly recommend that you become aware of this source. The fact that 4.cn is the main marketplace for domain names in China, it would be a natural seating than using Western platforms as a data origin.
Don't forget to read the 4.cn Beginners Club if you're new to buying and selling at 4.cn
I hope to provide the user with fundamental reports that can be collated with other research for investment purposes; As this report is only a guide, please use your own diligence and further research when investing in the Chinese domain market.
- Howie Crosby.
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