.Vip

  • MMX revenue slips despite domain growth

    … MMX today posted a smaller loss for the first half of the year, despite managing to grow domains under management and hit some important financial milestones. The new gTLD registry formerly known as Mind + Machines, which announced a few months ago that it’s looking to be acquired, reported an H1 loss of $526,000 compared to a loss of $1.9…

    Kevin Murphy/ DomainIncite- 10 readers -
  • MMX sells 7,000 domains for $3.4 million

    … a zone file with more than 600,000 domains names in it. For some reason it has been hugely popular in China — the vast majority of its registrations have been through Chinese registrars and 59% of its overall revenue was from China in 2016. In April, the company sold 200,000 .vip names to a single Chinese investor for $1.3 million. MMX has also said that renewal rates for .vip, which only launched last year, have been over 75%. Tweet Tagged: .vip, china, Minds + Machines, mmx, premium …

    Kevin Murphy/ DomainIncite- 11 readers -
  • MMX: three gTLDs approved for sale in Beijing

    … to pass through the Ministry of Industry and Information Technology’s stringent vetting process, the Beijing local authority has so far been slow to follow the national regulator’s lead. But BCA approved .vip, along with GMO’s .shop and Donuts’ .ltd on August 16, the registry said in a market update. This gives .vip national coverage in China, adding…

    Kevin Murphy/ DomainIncitein Paid Search- 13 readers -
  • MMX says .vip renewals running at 75%

    … MMX has revealed that its renewal rate for first-month .vip registrations in China were over 75%. The portfolio gTLD registry, also known as Minds + Machines, said that 317,000 domains that were registered during .vip’s first month of availability have now been renewed. The news follows a June announcement that the renewal rate would be over…

    Kevin Murphy/ DomainIncite- 13 readers -
  • MMX says .vip renewals to be at 70%+

    … MMX believes the biggest money-spinner in its new gTLD portfolio, .vip, will see first-year renewals in excess of 70%. The company said this morning that it is projecting renewals towards the top end of industry norms based on manual renewals to date. .vip was a bit of a hit in China, topping a quarter-million domains in its first month…

    Kevin Murphy/ DomainIncite- 17 readers -
  • MMX billings double even as some volumes slide

    … a million names mainly because of the resonance of the string in China. The company said it intends to imitate its focus on .vip in 2016 by only launching two TLDs — .boston and one other — in 2017. MMX’s formal, audited 2016 financial results will be published in April. Tweet Tagged: .vip, china, earnings, Minds + Machines, mmx …

    Kevin Murphy/ DomainIncite- 19 readers -
  • .xyz, .club and .vip get the nod to sell in China

    … The Chinese government has granted licenses to operate in the country to its first tranche of new gTLDs — .vip, .club and .xyz. The agreements mean that Chinese registrars will be able to give their Chinese customers the ability to actually use their domains for web sites. It also means the companies will be obliged to censor domains…

    Kevin Murphy/ DomainIncite- 15 readers -
  • 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- 14 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- 14 readers -
  • M+M turns $22m profit into $10m loss

    … Minds + Machines today reported a 2015 loss of $10 million and further outlined its “transformative” restructuring and China strategy. It’s the second full year of operating results M+M has posted since its first new gTLDs went live, and they’re not encouraging. Revenue for accounting purposes was $6.3 million, but the cost of sales was $6.2…

    Kevin Murphy/ DomainIncite- 12 readers -