• China conference leads to 49% .vip spike

    … The Global Domain Industry Conference, held in China over the weekend, has led to a huge boost in .vip domain sales. Registry Minds + Machines told the markets this morning that the recently launched gTLD hit 404,892 as of 1600 UTC yesterday, up 49% from Friday. CEO Toby Hall confirmed to DI that China is very much behind the spike…

    Kevin Murphy/ DomainIncite- 7 readers -
  • M+M makes $3.2 million in five days from .vip

    … Minds + Machines has billed $3.2 million in .vip domain names sales after the first five days of operation, the company said this morning. It’s already managed to pay off the cost of acquiring the domain at the September 2014 auction, which was $3.1 million. Between 1600 UTC May 17, when .vip went to general availability, and the same time…

    Kevin Murphy/ DomainIncite- 8 readers -
  • M+M turns $22m profit into $10m loss

    … need to essentially double its revenue in order to hit operating profitability, it seems. The company is pinning some of its growth hopes on .vip, which it expects to do well in China. It launches May 18. Hall said in a statement that M+M would not follow the lead of competitors (Famous Four Media springs to mind) by offering first-year…

    Kevin Murphy/ DomainIncite- 5 readers -
  • Second last-resort gTLD auction raises $14.3m

    ICANN has raised $14.3 million auctioning off three new gTLDs — .buy, .tech and .vip. It was the second batch of “last resort” auctions, managed by ICANN and Power Auctions, in which the winning bids are placed in a special ICANN fund. Notably, while Google participated in all three auctions, it failed to win any, setting a reassuring precedent for any smaller applicants that ...

    Kevin Murphy/ DomainIncite- 4 readers -
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