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
AXL100219hktales.jpg
Tales of Old Hong Kong: The new Tales of Old Hong Kong compiled by Derek Sandhaus is available at Earnshaw Books.
Diamond Hill by Feng Chi-shun: Feng's memoir Diamond Hill describes an era of gambling and gangsters, Suzie Wong and squatter villages, fires and food stalls, and the Kowloon Walled City and its white powder. "A time when people were poor, but life was rich," he says. The world that he grew up in no longer exists, but his book - the first ever on the Diamond Hill refugee settlement, in either Chinese or English - offers a candid picture of what life was like for most Hong Kong residents in the 1950s.
William A. Callahan's China: The Pessoptimist Nation: China: The Pessoptimist Nation shows how the heart of Chinese foreign policy is not a security dilemma, but an identity dilemma. Through a careful analysis of how Chinese people understand their new place in the world, the book charts how Chinese identity emerges through the interplay of positive and negative feelings in a dynamic that intertwines China's domestic and international politics.
Front Page of the Day
A different newspaper every weekday
From the Vault
Classic Danwei posts
+ Lost in Beijing finally gets killed (2008.01): SARFT (广电总局) brings down the hammer on Lost in Beijing (苹果), one year after its offense.
+ People: Tina Liu (2004.09): Tina Liu is Hong Kong's most prominent image stylist, but her mercurial career has involved her in almost every aspect of Hong Kong's media world.
+ Asimov Published, Interviewed in Beijing (2005.03): Cover story from this week's Book Review section of The Beijing News announces the publication of a Chinese translation of Isaac Asimov's complete Foundation series. Yup, the Beijing News has scored a fictional interview with "I, Asimov". They've been taking similar liberties recently in their entertainment sections, captioning photographs of celebrities with made-up quotes.
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