61.com sold to China game company

[tattoos]

Good point. Yes automatic translations can be a bit dodgy at the best of times, so yeah.
Just out of interest, is anyone able to translate this quote?
业内人士猜测，由于数字域名的稀缺性，该域名的成交价格可能高达上百万元。
(Without Google's help )

Cheers
James

 

[Gerry]

Those that follow monetary markets know that the yuan hovers near the conversion rates of 13-15 cents per one YUAN.

Thats why when China announced .cn registration awhile back for One Yuan, people here (in the states) did not realize (at the time) it was about 13 cents.

 

[snicksnack]

1 RMB to 13 cents, that was about 2 years ago. Now is it more in the region of 1 to 15 and RMB getting stronger

 

[Anthony Ng]

Good point. Yes automatic translations can be a bit dodgy at the best of times, so yeah.
Just out of interest, is anyone able to translate this quote?
业内人士猜测，由于数字域名的稀缺性，该域名的成交价格可能高达上百万元。
(Without Google's help )

Cheers
James

This is a quick translation from an MIL translator (a.k.a. yours truly):

Industry insiders speculate that, owing to the scarcity of number domains, the transaction price of this domain could be as high as a million yuan.

Mind you that, the original Chinese text itself is not exactly very well written (it's GameSpot anyway).

And one should also bear in mind that the Chinese also call their currency dollar (yuan), similar to that of the US dollars (mei yuan, where "mei" means American). This may partly contribute to the confusion, but then machine translation is error-prone by nature.

But let's not forget that this is CLEARLY an honest mistake being blown totally out of proportion (as scam). If you ask me, the OP deserves an apology for being mistreated. And I guess the lesson here is, expert wannabe (singular, definite) should at least learn to Google.

 

[Gerry]

And I guess the lesson here is,

...learn to interpret Sedo.

When it says $ it means US Dollars.

If it is hundreds of thousands of US Dollars $ it does not imply nor does it convert to millions of US dollars.

Â¥
€
£
NT$

None of those appear on the Sedo sales figures posted.

Apology accepted.

 

[haodomains]

Hi Doc Com,

First, I'm the first person to report this deal in dnforum, and that time no one knows it is a public sale in sedo, and usually such deals are private deal and the medias can only provide the price what they evaluate or heard from some non-official channel. And it was reported by ename.cn that the price is high to several millions of Chinese yuan (ename is a leading domain service company in China), and now 1 USD is about 6.8 yuan, so I posted here as *about* one million dollars, I apologize that I should just posted as *several millions of Chinese yuan (1 USD = 6.8 yuan)*, and let reader to change the currency.

Second, I don't think such news like what I posted here at the earliest time but without exact price will be no value, if so I suggest dnforum can disable posting in this section and rename this section to Sedo Deals News.

Third one, I suggest you to learn more culture out of your country. You never know what it means there are over 100 million children in China, you never know how big market for Children in China, so you never understand what 61 means to Chinese people and how much value this number worth.

To be honest, 140k USD is very cheap, and I'm sure the seller didn't understand chinese culture very well just like you.

Now it had been proved that this is a real deal, and i'm not the spammer, this is not a rumor and I'm not cheating your traffic. I have apologized for my inaccurate report, and I also hope you can apologize to me for your serious but unsubstantiated accusation.

 

[Theo]

Oh, let a thousand flowers bloom
And may the wall
The great big wall of China
Shatter its bricks
For the good of its people
Oh, let a thousand roses blossom
Like the hands of a mother
Holding a child
On June 1st

[sponsored by 61.com]

 

[DNWizardX9]

What I find most interesting is that CNET Networks reported...



According to Google, "100 000 000 Chinese yuan = 14.6486 million U.S. dollars"

Assuming industry is the end user, if industry speculates those sorts of prices in view of scarcity, does that mean industries (in particular Chinese) place a higher value on domains of this type than current market values?

Cheers
James

They value numeric domains (2 and 3 digits) very highly. Many of the top sites including some owned by yahoo use all numerics.

To be honest, 140k USD is very cheap, and I'm sure the seller didn't understand chinese culture very well just like you.

Could you send me 140k usd? Sure you have it laying underneath your pillow. It is chump change you know.

 

[Theo]

It's another case of NASA not using the metric system.

 

[Gerry]

Hi Doc Com,

First, I'm the first person to report this deal in dnforum, and that time no one knows it is a public sale in sedo, and usually such deals are private deal and the medias can only provide the price what they evaluate or heard from some non-official channel. And it was reported by ename.cn that the price is high to several millions of Chinese yuan (ename is a leading domain service company in China), and now 1 USD is about 6.8 yuan, so I posted here as *about* one million dollars, I apologize that I should just posted as *several millions of Chinese yuan (1 USD = 6.8 yuan)*, and let reader to change the currency.

Second, I don't think such news like what I posted here at the earliest time but without exact price will be no value, if so I suggest dnforum can disable posting in this section and rename this section to Sedo Deals News.

Third one, I suggest you to learn more culture out of your country. You never know what it means there are over 100 million children in China, you never know how big market for Children in China, so you never understand what 61 means to Chinese people and how much value this number worth.

To be honest, 140k USD is very cheap, and I'm sure the seller didn't understand chinese culture very well just like you.

First, there is nothing to apologize for, from me or you.

Secondly, I know many many cultures. What 61 means to chinese children has nothing to do with someone reporting a sale of a domain of one million dollars. 8 means alot to chinese culture. So does 4. One good, one bad. 8 did not sell for one million dollars. 4 did not sell for one million dollars. 61 did not sell for one million dollars.

That is why one's culture or knowing about one's culture has NOTHING to do with a FALSE CLAIM that 61 dot com sold for one million dollars. False is false in any language, in any interpretation, and in any culture.

Is that not what the original post and claim was about? It was about someone reporting the sale of a domain (any domain) for one million dollars and that person knowing very little or hardly anything at all.

When a member questioned the validity of the sale of a domain for one million dollars without any previous reports...

and when the person making the claim could not post any links or even recall all the particulars,

well, something is fishy.

Learning culture has nothing to do with posting a false report of a one million dollar sale. You, your self, had to have someone post information on your own culture on the importance of the value of number 61. I appreciate that bit of knowledge on the Chinese culture but that does not change the fact - 61 dot come did not sell for one million dollars.

Again, there was no sale of one million US dollars of 61 dot com as was reported by you and another member. The fact that the member goes back and edits out his information and changes it after the error was pointed out does not make it any less of an error. Calling it a typo also does not make it any less than a mistake.

We've already been over this several times and there is no point in going over it again.

Yes, 61 dot com did sell
61 has significant meaning in Chinese culture
I yuan (per you) is now a little over 6 cents
61 dot com did not sell for over a million dollars

and yes, members are very suspicious of very recently joining members posting false information, adding url's in that information to redirect the viewer to their own sites, and tired of unsupported and unsubstantiated information.

Never will I apologize for being suspicious of such as was your very very vague first post and never will I apologize for being correct - 61 dot com DID NOT sell for one million dollars.

In any language, in any culture, in any money, in any conversion - 61 dot com did not sell for one million US $.

 

[Theo]

I like Chinese food but I prefer it when it's cheap versus expensive. I'm afraid that the sale of 61.com for $1million will cause the price of Chinese noodles to skyrocket.

 

[snicksnack]

Looking at his first post, he never said 1 million USD, this is what everyone assumed. He said 1 million dollars, which is not wrong. Many people in China say "dollars" even so meaning RMB.

 

[Theo]

How much do the following items cost in China?

1 kilo of bread
1 liter of milk
1 daily newspaper

Thanks.

 

[Gerry]

Looking at his first post, he never said 1 million USD, this is what everyone assumed. He said 1 million dollars, which is not wrong. Many people in China say "dollars" even so meaning RMB.

That post has been edited. Two days or more after the fact.

Getting impossible to come into this thread now and know what was (and was not) posted. A couple of members edited their posts.

 

[haodomains]

I'm the first person to report this deal and that time no one knows the exact price. And what I reported is from the ename which is a leading domain media company. What is my mistake is I should post as several milions of yuan not to try to change to usd which is not accruate. and i have apologized for this.

I think 140k is cheap not mean I will send you the money, you can think this price is too high and it's my right i can think it is too low. how do you think russia.com sold for 1.5m? if you think it is low can you send me the money? if you think it is high then you can ask some money from the seller.

And new joined member not means they are bad guys, and some old people are not all good guys too. This should not be your excuse of your hostile and unsubstantiated accusation. And dont forget you were a new member before too.

IF YOU DON'T APOLOGIZE THEN I ONLY HAVE ONE WORD TO YOU: I'M SO ASHAMED OF YOU.

 

[Gerry]

IF YOU DON'T APOLOGIZE THEN I ONLY HAVE ONE WORD TO YOU: I'M SO ASHAMED OF YOU.

Then shame on me.

 

[snicksnack]

How much do the following items cost in China?

1 kilo of bread
1 liter of milk
1 daily newspaper

Thanks.

milk from 4 RMB up
newspaper about 1 RMB

 

[Anthony Ng]

For our fellow domain investors from China (and yes, I'm of Chinese descent): you may not be aware that quite a few members here don't exactly "like" China and its people. Although they dare not spell it out loud, you could actually read between the lines and get the undertone. So don't even take those posts (and/or questions) that seriously, because they are only trying to make China and its people look bad.

For the OP (haodomains), you could report that hostile act towards a new member (if not a Chinese new member) to the moderator or administrator. But more importantly, EVERY MEMBER (old and new) should take note of this kind of totally unacceptable behaviour, and help rid DNForum of it.

 

[Gerry]

For our fellow domain investors from China (and yes, I'm of Chinese descent): you may not be aware that quite a few members here don't exactly "like" China and its people. Although they dare not spell it out loud, you could actually read between the lines and get the undertone. So don't even take those posts (and/or questions) that seriously, because they are only trying to make China and its people look bad.

For the OP (haodomains), you could report that hostile act towards a new member (if not a Chinese new member) to the moderator or administrator. But more importantly, EVERY MEMBER (old and new) should take note of this kind of totally unacceptable behaviour, and help rid DNForum of it.

Yeah, you're right. I hate every one equally.

That is why I got into medicine.

A hostile act?

A person calls a report of a million dollar sale as bogus and is found to be correct. And this is a hostile act.

A person recommends that until there is some substantiation to the claim of a million dollar sale who provides no information with the exception of two URL's that the OP may or may not be part of...

until it is found that the claim is disproved a member recommends that the thread be moved to advertising (which I have been the subject of, and reported, and infraction given - the posting of information that was a link back to a site I was affiliated with - that thread was moved to advertising)...

recommending that a thread be removed from domain name news where there were NO SOURCES POSTED for this news...

all of that is a hostile act.

The real act is your attempt at trying to not accept your own stupidity as being part of the problem with this thread.

 

[Theo]

Let's have some fun with this great example of reverse racism posted above:

For our fellow domain investors from the US (and yes, I reside in the USA): you may not be aware that quite a few members here don't exactly "like" the US and its people. Although they dare not spell it out loud, you could actually read between the lines and get the undertone. So don't even take those posts (and/or questions) that seriously, because they are only trying to make the US and its people look bad.

For the commentators (Doc Com), you could report that hostile act towards a new member (if not an American new member) to the moderator or administrator. But more importantly, EVERY MEMBER (old and new) should take note of this kind of totally unacceptable behavior, and help rid DNForum of it.