I am the first to admit that I don’t really understand the Chinese domain name market. I understand why certain domain names have significant value, but I have no idea about the underlying factors that are really contributing to the growth in capital that has been pouring into the domain space.
One example of my lack of knowledge relates to .VIP domain names. Believe it or not, there are now nearly half a million registered .VIP domain names, according to nTLDStats.com. Over 83% of those registered domain names are parked. Also interestingly, I believe the 5 registrars with the greatest volume of .VIP domain name registrations are based in China.
I saw a video shared by 101Domain that offers some insight about why .VIP domain names are so popular, and I embedded it below for those who want to learn more about the extension and its popularity amongst buyers in China. The video features Joe Alagna of 101Domain, Susan Lawrence of Minds + Machines (operator of .VIP), and Simon Cousins of Allegravita, a specialist in the Chinese domain market.
If you have questions about .VIP domain names or the Chinese market, you are welcome to post them in the comment section: