Monday, August 21, 2006
China's Internet Bubble?
Last Friday, a sale of Chinese Internet domain names garnered $160,000. That isn't much compared to the Internet Bubble of the late 90's, but then the China bubble (if there is one) is just heating up. A lottery ticket site, caipiao.com ("caipiao" means lottery ticket in Chinese), sold for 37,000 yuan (about $4000) while mobile personal computing sites (umpc.cn and umpc.com.cn) got 390-,000 yuan ($49,000). Still all was not well. Many domains received no bids at all (like dvd.com.cn).