The South China Morning Post did an article today on the upcoming Go Daddy IPO. In the article Daniel Negari from .XYZ is quoted on the public offering and gives some insight on .xyz, the market in China for domain names and said the he feels dot com has it a peak.
From the article:
“GoDaddy is as close as it comes to being a consumer recognised brand for domains,” Daniel Negari, CEO of domain company XYZ, told the South China Morning Post.
Despite warning from some experts that the GoDaddy IPO may not be able to reverse its losses, which were upwards of US$140 million in 2014, Negari said that the domain market remains strong.
“We’ve hit peak with dot com [but] I don’t think we’ve reached a peak with domains as a whole,” he said.
Negari said that China is a major market for all domain sellers, including his company, and he expects growth there to continue.
“40 per cent of the domains we’re selling right now are in China,” he said.
“Existing businesses and new businesses are just coming online every day.”
Read the full article on SCMP.com