NiceNic.net out with another interesting piece of news, the .CN Landrush auctions of previous reserved domains has generated over 50 Million Yuan/RMB. That equates to over $8.2 million
They posted today:
As of Jan 12th, 2014, the open auction of previously-reserved .CN domain names by CNNIC entered into heating-up period, and the total price of recent auctions already exceeded 50 million yuan/cny/rmb, of which GAME.CN, GW.CN, LB.CN, CM.CN stood out with final biddings surpassing million. The whole auction showed a significant upward trend.The auction of domain GAME.CN ended in bidding 3.098 million cny after 686 fierce biddings and it refreshed many a record.
GW.CN broke out as a potential dark horse with final bidding price of 2.004 million cny, and ranked only second to Game.CN. GW is the abbreviated form of “gou wu” or “guo wang” in Chinese Pinyin, and in English, it means “shopping”, “national network”.
The blockbuster LB.CN ranked third with final bidding price of 1.1 million cny. LB can be perceived as “lao ban”, “li bao”, “lian bang” in Chinese Pinyin and in English, “boss”, “gift”, “federal”.
The fourth auction is CM.CN, which is a hot traffic domain name, fiercely pursued by Chinese domain investors/domainers, and bidding ended in 1.066 million cny. – See more at: http://nicenic.net/news/messview.php?ID=12814#sthash.w00SMTHg.dpuf
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