30 May '16, 7am

West.cn to prop up .xyz renewals with $1.5 million subsidy

West.cn to prop up .xyz renewals with $1.5 million subsidy Kevin Murphy , May 30, 2016, 07:21:06 (UTC), Domain Registries Leading Chinese registrar West.cn has said it will subsidize .xyz renewals to the tune of $1.5 million. According to a West.cn press release , CEO He Xiaojiang made the announcement alongside XYZ.com counterpart Daniel Negari at meeting in Beijing on Friday. The registrar’s .xyz customers “are going to get high rebate back from West.cn so that they can get very low renewal fees”, according to a translation of the original Chinese. The subsidized renewal price, which starts in June, will be RMB 18 ($2.73), according to the company. That’s about a $7 discount on West.cn’s usual renewal price of RMB 64. First-year .xyz prices at the registrar are currently RMB 8 ($1.22). West.cn is believed to have well over a million .xyz domains on its books. With over a...

Full article: http://domainincite.com/20507-west-cn-to-prop-up-xyz-rene...

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