.Vip

  • MMX revenue slips despite domain growth

    … billings was greater than its operating expenditure for the first time, after cost-cutting. Domains under management went into seven figures for the first time, to 1.1 million. That was up from 821,000 at the start of the year. It processed 318,000 new registrations in the six months, compared to 452,000 a year earlier (when .vip’s launch provided a boost). Tweet Tagged: .vip, earnings, mmx, new gTLDs …

    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

    … MMX has reported a 100% increase in billings for 2016, despite its number of domains under management dropping in some TLDs. The company, until recently known as Minds + Machines, said billing were $15.8 million in the year to December 31, compared to $7.9 million for in 2015. Billings is an up-front measure of sales growth that does not take…

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

    … the government does not like, but only those domains registered via Chinese registrars. The Ministry of Industry and Information Technology announced the licenses, given to the Chinese subsidiaries of Minds + Machines, .CLUB Domains and XYZ.com respectively, today. M+M CEO Toby Hall told DI that it’s “a great moment of support for Chinese registrars…

    Kevin Murphy/ DomainIncite- 15 readers -
  • China conference leads to 49% .vip spike

    …, and that the conference helped raise the profile of .vip. Billings and orders have now hit $5.5 million, up from $3.2 million on May 22, M+M said. That number includes sunrise and premium sales. At GDS, M+M sold eight .vip domains auction for a total of $232,000 before auction commissions, which very likely inspired the spike in base-fee registrations…

    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

    … took over as CEO in February, replacing co-founder Anthony Van Couvering, and announced earlier this month that M+M is dumping its registrar and back-end registry businesses. Its registrar customers have been sold to Uniregistry, and it will outsource its registry back-end to Nominet, to save costs. Salazar said that the two deals will lead to $2…

    Kevin Murphy/ DomainIncite- 12 readers -
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