Business and Finance

Renting out Golden Week for 5000 RMB

JDM051019gold.jpg

Shortly before this year's National Day holiday, domain name speculator Li Weike registered the domain 黄金周 (Golden Week) with the intent of turning it into profit. Yiyou, a travel agency based in Yunnan, offered him 50,000 yuan for the domain, 100 times what he paid to register it, but Mr. Li declined to sell.

Instead, he took the unusual step of renting out the name to Yiyou for 5000 yuan a month. Li's reasoning is that the value of the name will only continue to rise; rather than let it lie dormant before selling, he figures he can make 10,000 yuan a year renting it out during the National Day and Labor Day Golden Weeks.

Yiyou, for its part, figures that people looking for information on Golden Week will enter the term into their browsers' address bar, at which point they will load up the travel agency home page. Having used the domain name for just a few days, the agency found that its traffic had increased beyond its expectations.

Unfortunately, reports have not included the full domain name, and here at Danwei we have not been able to come up with a combination that links where it ought to. We welcome any pointers.

Links and Sources
Media Partners
Visit these sites for the latest China news
090609guardian2.png 090609CNN3.png
China Media Timeline
Major media events over the last three decades
Danwei Model Workers
laomo2008fpA.jpg
Recommended blogs and new media
Books on China
AXL091030storiesforthcoming.jpg
Princess Der Ling: Two Years in the Forbidden City: Two years in the Forbidden City is largely a reminiscence of the minutiae of life for one of history's most powerful women, by one of her court attendants, a Manchu noble's daughter by the name of Der Ling.
Carl Crow's The Long Road Back to China: In 1939 Carl Crow - an American journalist, advertising executive and author who had lived in Shanghai for 25 years until forced out by the Japanese - travelled up the Burma Road from Rangoon to Chongqing on assignment for Liberty magazine - 'the most interesting assignment I have ever been given'.
Front Page of the Day
A different newspaper every weekday
From the Vault
Classic Danwei posts
+ New Years Past: Other Spring Festivals by Geremie R. Barmé (2007.02): Sang Ye interviews two people about their experiences during Great Leap Forward-era Spring Festivals. Translated and annotated by Geremie R. Barmé.
+ Trend-spotting in online fiction (2007.06): An interview with Daniel Dan Fei (丹飞), publisher of Notes on Graverobbing (盗墓笔记), Rear Palace (后宫), and Those Ming Dynasty Things (明朝那些事).
+ China's 50 Most Beautiful People (2005.03): The Beijing News borrows a picture of Maggie Cheung from Cosmo for the cover of today's Entertainment insert, "50 Most Beautiful People in China". Ms. Cheung takes the top spot, with Takeshi Kaneshiro, Little S, Zhang Ziyi, and Liu Ye rounding out the top five in this exercise that is a conscious imitation of People magazine's yearly rundown.
Danwei Archives
Danwei Feeds
Via Feedsky rsschiclet2.png (on the mainland)
or Feedburner rsschiclet.gif (blocked in China)
rsschiclet2.png rsschiclet.gif Main feed: Main posts (FB has top links)
rsschiclet2.png rsschiclet.gif Top Links: Links from the top bar
rsschiclet2.png rsschiclet.gif Danwei Jobs: Want ads
rsschiclet2.png rsschiclet.gif Danwei Digest: Updated daily, 19:30