The auction and trade of domain names will become more and more popular in China in the future, even Chinese language domain names. In fact, the price for Chinese domain names should be even higher because domain names in Chinese characters are much easier for Chinese people to remember and understand, and therefore, will be much more valuable for those companies wanting to promote their brands in China. |
This is a big potential market (for Chinese domain names), maybe valued at more than 10 million yuan (US$1.25 million) this year. |