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During the pandemic, the automobile market, especially the physical automobile industry, suffered an unprecedented blow. Major car manufacturers' platforms and 4S dealerships have all introduced policies to stimulate consumption.
During the pandemic, the automobile market, especially the physical automobile industry, suffered an unprecedented blow. Major car manufacturers' platforms and 4S dealerships have all introduced policies to stimulate consumption. Central and local governments at all levels have also swiftly rolled out policy measures, offering subsidies of up to nearly 30,000 yuan for car purchases, further stabilizing and expanding automobile consumption. Consequently, the automotive consumption market is gradually warming up, and the automotive industry's rate of resumption of work is gradually increasing.
Data shows that in 2020, China's automobile ownership reached 630 million vehicles, potentially making it the world's largest. The automobile industry is in a rapid development phase. Whether it's traditional business models or P2P models, the industry competition is fierce yet full of potential. Domains related to cars often use the Chinese character "车" (che), and in 2015, the single-character domain "车" (che) was traded for 22.22 million yuan, "qiche.com" was reportedly auctioned for 12.85 million yuan, and "cheyou.com" was sold for 16 million yuan. The English domain "Cars.com" is worth a staggering $872 million, making it the world's most expensive domain. Related domain names associated with cars are also gaining value.
YiChe.com Invests Millions to Acquire Car-Related Domain Names!
Founded in 2000, YiChe.com is a leading automotive professional media group in China and has been listed on the New York Stock Exchange since 2010. Its founder, Li Bin, is knowledgeable about domains due to prior domain investments, understanding the value of good domains for a company. YiChe.com's official website domain is "bitauto.com," corresponding to its English name "BITAUTO." The corresponding Chinese domain "yiche.com/.cn" was also quietly acquired by YiChe.com in 2011 for redirection purposes. YiChe.com deeply understands the importance of domains and holds many premium brand domains.
In 2012, YiChe.com acquired the double-character domain "淘车" (taoche.com) for its official Taobao Car website, along with related domains like "taoche.cn/.com.cn," estimated to have been traded for at least a six-digit figure.
In 2014, YiChe.com acquired the three-character domain "惠买车" (huimaiche.com) along with its complete set of domains and trademarks for its "Huimaiche" platform. That same year, it also acquired the double-character domain "电动" (diandong.com) for its "Electric Vehicle" platform, reportedly for 3 million yuan.
In 2015, YiChe.com made a significant move by acquiring the premium industry domain "贷款" (daikuan.com) from Xu Jun for a transaction price in the eight digits! This domain later became the official domain for its financial subsidiary, "YiXin Financial." Furthermore, YiChe.com acquired the three-character domain "车顾问" (cheguwen.com/.cn/.com.cn) for its automotive advisory services.
These examples are only a fraction of the reported acquisitions by YiChe.com. Beyond media exposure, YiChe.com has quietly acquired numerous car-related domains like "乐车" (leche.com/.net), "我车" (woche.com), "车险" (chexian.com), "易车" (eche.com/.net), "买车宝" (maichebao.com), and "服务车" (fuwuche.net). With meticulous domain strategy, YiChe.com has positioned itself as a leader in domain protection. It's a company with the most and best automotive domains in China and has three listed subsidiaries: YiChe.com, YiXin Car Loan, and NIO.
From Neglect to Over $1.2 Billion in Funding - Did the Domain Name Xin.com Help Uxin?
The "Uxin" brand under Uxin Group is a leading e-commerce platform focused on used car retail services. Established in 2011, the Uxin Group digitized vehicles from dealerships across the country onto an online platform.
Its official domain is "xin.com," which Uxin Group purchased from investors in 2014 for several million yuan.
As early as 2016, Uxin secured $400 million in Series D funding, with participation from Taikang Life, Tiger Fund, and others. The domain "xin.com" resonates with Uxin's value of trustworthiness, conveying a sense of reliability to customers and enhancing the brand's credibility.
In 2018, Uxin successfully listed on NASDAQ. In March of the same year, 58.com announced its acquisition of Uxin Auction, a subsidiary of Uxin Group, for $105 million, approximately 744 million yuan.
China's second-hand car market holds immense potential. To seize the market, many companies have made significant efforts, and domain name selection is one aspect. A good domain is like a VIP ticket in the internet era. It helps companies quickly enter an industry and secures a prominent position within it. A domain name can shape a dream, and this dream isn't only for investors but for the entire industry.
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