Billion tang (etang.com) domain name due to not renew the public auction

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May 4 News: There have been hundreds of millions of VCs, Harvard MBA team, "Ming-yellow Generation" and many other concepts halo of the company's website domain name: etang.com because there is no renewal of the reason, by its registrar networksolutions partner Namejet Public Auction registered ( Namejet.com mainly engaged in the auction of expired domain names and registration services. As of May 4, the latest auction price is USD 2400.

About billion Tang (etang.com)

In 1999, Tanghaisong founded the billion-Tang company and set up a "Dream Team" of 5 Harvard MBAs and 2 Chicago University MBAs. He received two dfg of 50 million dollars in the hands of two famous American investors, Sevinrosen. Tanghaisong is described in the entrepreneurship Program: billion Tang network is not only a Web site, but also a radiation network under the strong brand, it is known as the "bright yellow generation" of the 18-35-year-old youth between the various online services and users under the network, is "a door to the middle class."

In the same year, billion Tang began to "Burn money": In addition to the establishment of branches in Beijing, Guangzhou and Shenzhen from 1999 to 2000, billion in the publicity of the investment in the amount of 3 million U.S. dollars, about 20 million yuan.

At the end of 2000, the dotcom bubble appeared.

The following year, June 2001, due to the inability to solve corporate profitability problems, million tang layoffs, the number of employees from 120 to 30 people, each branch also dissolved. At the same time, billion Tang also gave up the yellow background tone, and changed to green.

2005, Billion Tang to popular Web2.0 on par. Learn from Korea's game I network and other virtual community sites, opened the site called hompy.cn. But the transformation and to the operation of the billion Tang to bring substantial turnaround.

In the 2006, there was news that Qihoo wanted to buy a full billion tang.

In 2009, the etang.com domain name was publicly bid for no renewals.