Domain name transaction industry launches the first "Self-discipline convention of Domain name transaction"

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NetEase Science and technology news June 5, domain name trading industry today released the first "domain name trading self-discipline Convention", the Convention by the domain name trading agencies and domain name investors signed together.

Konde, general manager of China, said that this is another industry self-regulatory convention after the Convention on self-regulation of Internet address registration services. Domain name expert Yu Xiaodong said that the release of the "self-regulation Convention on domain name transactions" will be the maximization of the use of domain name resources to promote the role. He revealed that in the domain name of the actual application, some domain name holders have a lot of idle domain name, resulting in waste of resources, at the same time for those who need these domain names of enterprises or individuals, but not through effective channels to obtain their own required domain name. Domain name as the Internet scarce resources, many enterprises through the purchase of domain name to promote the company's development, such as Google to buy google.cn, Microsoft acquisition bing.com.cn and so on. In the past it has been widely believed that domain name investment is speculative, but with recent developments, it has become an indispensable industry in the Internet field.

Data show that 2008 global domain name transactions amounted to 53.13 million euros, an increase of 8% per cent, domain name trading has become a large number of domestic business internet industry.