1NY.com - FROM THE ROMAN EMPIRE TO CHINA. A BRIEF HISTORY OF DOMAIN NAMES.

" E-commerce in China was booming. In 2014, Alibaba became the largest IPO in the world, raising over $25B. A rising class of wealthy Chinese was looking for alternatives where to put their excess liquidity. Real estate in China went through a bubble and the Chinese Stock Market crashed dramatically in the summer of 2015. Add to that the capital restrictions to prevent the outflow of capital, and you get a group of wealthy Chinese that now looks at domain names as a legitimate investment vehicle. The trigger came from a few high profile domain acquisitions by Chinese companies. In 2014, phone maker XiaoMi purchased MI.com for $3.6M. QiHoo, a major Chinese security software company, bought the domain 360.com for a reported $17M.

Chinese demand focused on a specific segment of short and numeric .com domains. The domains sought after by Chinese buyers were appraised using a set of arbitrary rules based on a combination of mathematical conventions and meaning of the letter/numbers:" - Giuseppe Graziano - Read Full Article

Source: Linkedin

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