28 Dec '15, 4pm

Understanding the Mid Five-Figure Domain Name Sale of

Renting a place in China requires a lot of cash upfront. Apart from the one-month deposit, renters also need to pay three to six months of rent in advance when signing a contract, which may be difficult for people with good income but not much saving. Huifenqi is an app and lending service designed with this in mind. Simply described, Huifenqi makes the advance payment on your behalf and then you pay them back in monthly installments plus interest. It's gaining in popularity and received Series A funding within a year of its launch. In May of this year, the startup paid mid five figures RMB to acquire the domain name Huifenqi.com for its official website. The name Huifenqi consists of three Pinyin characters (commonly called "3-pin" within the domain industry): Hui(会 ) Fen(分 ) Qi(期 ). The domain name matches its service brand and means "paying by installments." What a simp...

Full article: https://www.namepros.com/blog/understanding-the-mid-five-...

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