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August 20, 2019

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Guta.com Releases Their Q2-2019 Premium Domain Sales Report & Unveils New Office in Xiamen, China

Our friends  at international domain name brokerage Guta.com have been busy this summer. They have just released their latest quarterly report (covering 2Q-2019) that details their observations of the premium domain sales market. With offices in both the U.S. and China, Guta has a birds eye view of conditions in both of those key markets. 

Speaking of offices, Guta.com has also just completed a move from their original office in Xiamen to a top tier new space that company Founder George Hong and his team are very excited about. I will give you an inside look at the company's new digs, but first here is a summary of Guta's new quarterly report that has some surprising news about what has been happening in one of the most popular segments of the market - two and three-letter .com sales.

The summary (that concludes the Guta report) noted, "The sales of premium one-word dictionary domains remained strong and among them was a record-breaking $30 million domain sale of Voice.com that will be talked about and referred to in years to come. However, the markets for two-letter .com and three-letter .com domains were slow. The trading volume of LL .com domains was significantly lower compared to the same quarter last year. The total LLL .com domain sales count in the Chinese market fell to the lowest level among the past six quarters. In sharp contrast, the sales count of NN .com, NNN .com, NNNN .com and NL/LN .com domains all have reached the highest level since 2018 ("N" stands for a number, "L" for a letter)."

The Guta summary added, "Most of these sales were traded within the Chinese domain market, followed by the second most sales from American sellers to Chinese buyers. It is also worth pointing out that, due to the slowing economy and, more importantly, the escalating trade war with the U.S, the dollar-yuan exchange rate has been rising since the beginning of May 2019. If the exchange rate keeps climbing, it might create a negative impact on price and/or demand of future domain sales between the Chinese and the Western markets."  

You will want to see all of the specific date in the Guta report and you can do that here (.pdf file).

George Hong
Guta.com Founder & CEO

Now, about that new office in Xiamen. George told us, "As a domain brokerage firm, we are glad that we can work anywhere, anytime and serve our clients worldwide. However, coming from a solid IT background, I still firmly believe that Face-to-Face meetings/interactions are important in the digital age. That is also why we spent a lot of effort in finding and choosing offices so that our team members can sit & work together and interact with our clients and partners face-to-face. After spending 3 years at our previous office in Xiamen Software Park, we recently moved into a new office in the state-of-the-art China Aviation Zijin Square (Also called W Square), located in the heart of a new central business district in Xiamen. This 24/7 guarded, 5A class office building, located in a safe and convenient area, truly empowers our team members to come and work in a comfortable ocean view office anytime while we can have peace of mind."

Above: A wide angle view of the China Aviation Zijin Square in Xiamen.

Below: A ground level view of the building where Guta.com's new office is located.
(all photos in this article courtesy of Guta.com).

Above: This sign welcomes vistors to Guta.com's new office.

Below: Guta.com Founder & CEO George Hong settling in at his new office.

Above: Guta.com team members at work. The floor to ceiling windows give them a beautiful view of the ocean as the shot below, taken from the Guta office, shows you.

Above & below: If you visit the Guta.com offices, odds are you will spend some time in the reception area. George noted, "In China, especially in Fujian Province (where Xiamen City is located), tea culture is very important. You can see a tea set in almost every office in Xiamen. Serving tea to our guests is the basic hospitality of the local people."

After tea, visitors can head out to see a wide variety of attractions that are all within walking  distance of the office. Some of George's favorites are:

         Banlam Grand Theater, an international top- class performance venue.

         Xiamen International Conference Center, Venue of the 9th BRICS summit.

         Xiamen Financial Center

         Branch offices of most major Chinese banks

         Approximately 10 gyms, six of which have swimming pools.

         2 Yoga Studios

         2 beaches

         2 Shopping Centers

         1 Cinema

         Dozens of dining places, including some of the finest restaurants in Xiamen 

         Two Starbucks and one Luckin coffee shop

Some of you are probably already looking into airline tickets, but If you can't make it to the other side of the Pacific to meet George and his crew in person, you can do it in the U.S. soon. They will be in Austin, Texas, for the 2020 NamesCon Global conference coming up January 29-February 1. Thanks to George and his team for the inside look at their new space!

(Posted August 19, 2019) 

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