Chinese Domain Name Sells For $160,000

 - Aug 21, 2006
References: cnn
A sale of Chinese Internet domain names netted more than $160,000 on Friday in what organizers said was the biggest such auction yet in the computer-crazy country. A pair of sites named for ultra-mobile personal computing ( and, one of the hottest technologies around, fetched an eye-popping 390,000 yuan ($49,000).

Generic domain names including and sold well above their reserve prices, while -- "caipiao" means lottery ticket in Chinese -- fetched 37,000 yuan.