Report: Feng.com Sells for $250k
I just received a press release announcing the brokered sale of Feng.com for $250,000. Once confirmed, it would rank as one of the ten highest domain sales of 2012, tying the sale of Platinum.com, which also sold for $250,000.
The deal for this domain name was brokered by FindYourDomain.com. Although the domain name was most recently registered with privacy at Tucows, it appears to have been owned by Tucows not too long ago.
The company previously partnered with NameJet last year to offer a group of great keyword domain names. The press release announcing the sale of Feng.com also mentioned that FYD will be working on another exclusive auction with NameJet that includes additional Chinese keyword.com domain names.
Congratulations on this deal to all parties.
Full press release with more details:
LOS ANGELES, CA (November 16, 2012) – The domain name Feng.com sold for $250,000 in a deal brokered by FindYourDomain.com. The transaction was between two private parties and the sale closed on November 1, 2012. “We are seeing a higher demand from investors and businesses in China for .com domain names. It seems the market prefers .com over the local .cn extension.” said FindYourDomain Marketing Manager Tom Salbego.
China is the world’s most populous nation, home to 1.34 billion people and about 538 million Internet users, or 40% of the population. The percentage of internet users has grown four fold since 2005, when only 10% of the population were online. When you compare the internet usage of China to the United States, which 78% of the population is online, it is obvious that there is a tremendous potential for online growth in China. In the next five years we should see the percentage of internet users in China grow to 70%+, or more than one billion people.
The use of mobile devices and tablets in China is growing. Currently almost 70% of internet users in china connect via a mobile device which make short, memorable domain names like Feng.com even more valuable.
Chinese domain names continue to be great investments for businesses located in China and worldwide organizations looking to penetrate the Chinese market. FindYourDomain has partnered with NameJet.com to auction an exclusive list of more than 200 premium domain names. Auctions begin on November 25, 2012 and run through January 29, 2013. Other great Chinese domain names in the auction event include:
Click here for a full list of available domain names.
In order to participate in the bidding, buyers must sign up for a free NameJet account. Bids over $2,500 require a verified account. To become a verified bidder you may user the following URL: http://www.namejet.com/Pages/VerifiedBidding.aspx.
Each auction will run for three days and all minimum bids start at $69.
For media inquiries, contact Kelsey McBride at Kelsey@livepr.com.
FindYourDomain.com was created in 2002 to provide companies with quality .com, .net, and .org domain names to use as corporate sites or in conjunction with web development projects. By acting as an intermediary between the owner of a domain name and a potential buyer, FindYourDomain.com ensures a smooth negotiation process as well as a secure and safe transaction. In addition to connecting buyers and sellers of domain names FindYourDomain.com also offers an array of domain name related services including a Privacy Protection Service, DNS Management Service, and Hosting Options. For more information, visit http://www.findyourdomain.com/
NameJet is a joint venture between Web.com Group, Inc. (Nasdaq: WWWW) and Demand Media, Inc. (NYSE: DMD), who together own three leading ICANN-accredited registrars (eNom, Network Solutions and Register.com). Launched in 2007, with core auction software and technical infrastructure operating since 2004, NameJet serves domain investors, Fortune 500 companies and their representatives, small- and medium-sized businesses, as well as a diverse and global mix of individual investors. It has processed over 200,000 domain auctions, establishing itself as a trustworthy and transparent auction platform that is customer-focused and user-friendly. For more information, go to www.namejet.com.
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