DOMAIN NAME AUCTION WATCH
DN.COM - MY 2 CENTS
I spend almost half of my year in Asia and my wife is Vietnamese. For a few years we lived only 1 hour from the Chinese border and made frequent visits for business and pleasure.
My wife has done business all over Asia and China is, without a doubt, the riskiest and most unpredictable place to do business.
I asked in a previous newsletter recently if GoDaddy should enter the mainland China market. I really believe it shouldn't, and the happenings with DN.COM only strengthen my beliefs. Rules, laws and procedures are strongly enforced in China and at the same time can change at a moment's notice - and sometimes with no notice at all.
Sure there are ways to make these rules 'bendable', but the cost of this can be high - even more so when foreign entities are involved, native partners or not.
GoDaddy should be watching this very, very carefully. It's terrible that honest people had no idea what was happening to their names or their money. They were told eventually (another example of doing business in China), but only after some serious stress.
Will DN.COM recover as a brand?? Probably. But I'm sure very shortly you'll see a new competitor on the scene and they'll probably be very well connected. Connected to people who have the power to shut companies down for a few days.