openPR Logo
Press release

DotAsia Sunrise & Landrush Auctions Completed Successfully

09-02-2008 02:48 PM CET | IT, New Media & Software

Press release from: DotAsia Organisation

Hong Kong, 28 August 2008 – DotAsia Organisation announced today the successful completion of the .Asia Sunrise and Landrush auctions. Domains receiving multiple qualified applications in the respective Sunrise and Landrush phases were allocated through an auction system. The process proved to be a vast improvement of the dispute ridden pure first-come-first-served approach, and has provided a strong foundation for growth for the .Asia domain.

“We set out to implement a stable and orderly introduction of the .Asia domain into the social and technical fabric of the Internet. I believe we have accomplished our goal,” says Edmon Chung, CEO of DotAsia Organisation. “The .Asia startup phases were completed with zero disputes arising out of the process. The successful first-of-its-kind launch has also helped build a strong foundation for growth and value of .Asia domains. We already see regional events as well as small and large companies utilize the .Asia domain to reach the Asia market.”

Total auction proceeds exceeded US$7.2M, while winning prices for the top 1% of .Asia startup auctions averaged over US$10,000. Top 10 auctions averaged US$55,000 with the Top 3 being: discover.asia (US$112,111), sex.asia (US$ 83,334) and buy.asia (US$73,000). Maximum offers for particular domains reached the million dollar range. “These results and the already emergent secondary market confirm the strong value and growth potential for .Asia domains,” added Chung. As anticipated, the auction process also helped curb abusive registrations. A considerable percentage of auctions (~33%) went uncontested, indicative of potential speculators giving up on infringing domains. By design, DotAsia’s auction system featured an auto-extension mechanism to guard against last minute “sniping”. Critics of this built in feature had worried auctions could be excessively prolonged. The results however, proved otherwise. 67% of the auctions closed on time upon the 7-day period. Out of those extended, the average extension was for an extra 3 days only. The longest auction did stretch to 43 days and attracted 138 bids. The highest number of bids logged for a domain was 346, while the most participants for an auction was 424.

Hand in hand with the completion of the auctions is the final phase of the .Asia Hot-or-Not Domains Appraisal Contest. Many contestants had tipped “sex.asia” to come out on top, but ultimately the winning domain for the Grand Prize was “discover.asia”. The winner must now pass the final trivia test on the DomainMasters show at WebmasterRadio.FM (http://domainmasters.think.asia), next Wednesday September 3, 7:00PM EST to win the US$10,000 Grand Prize.

Final weeks of the Hot-or-Not Contest saw lively jostling for position among the Top 10 auctions list. The winning names of the 5 weekly contests just a few weeks ago can no longer be found in the final Top 10 list:
• Week 1 (June 12): resorts.asia, US$22,501 – winner: Xavier Lee (Hong Kong)
• Week 2 (June 19): careers.asia, US$13,000 – winner: Dr. Lillian Nejad (Australia)
• Week 3 (June 26): southeast.asia, US$20,500 – winner: Jason Drake (USA)
• Week 4 (July 3): seo.asia, US$18,500 – winner: Ernesto Maisuls (Israel)
• Week 5 (July 10): vodka.asia, US$25,000 – winner: Rudy Khosumohardjo (Indonesia)

“The Hot-or-Not Contest was designed to be a fun event for the industry and an exciting watch to raise general awareness in the community about the value of domain names. With the weekly winners coming from around the world, it is exemplary of the global appeal for .Asia domains and our continued commitment to build the value of .Asia not only for those from Asia but also for those targeting services for the Asia market,” concluded Chung.

About DotAsia Organisation:

DotAsia Organisation is the Sponsoring Organisation and Registry Operator for the .Asia Sponsored Generic Top Level Domain. DotAsia is a not-for-profit, community-based organisation incorporated in Hong Kong. Asia has developed into a global force in the international commercial, political and cultural network. The .Asia domain aspires to embrace this dynamism in the Asia Century to become a nucleus, intersection and breeding ground for Internet activity and development in the region. To learn more about DotAsia, please visit: http://www.registry.asia.

Media Enquiries:

Pavan Budhrani: 37410015 (pavan@registry.asia)

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release DotAsia Sunrise & Landrush Auctions Completed Successfully here

News-ID: 52529 • Views:

More Releases from DotAsia Organisation

New Domain Extension for Kids Enters Internet Root and Readies to Launch in 2022
Hong Kong, April 12th, 2022 - DotKids Foundation, registry operator for the new ".kids" top-level-domain (TLD), is excited to announce that the .kids domain extension has been successfully delegated to the Internet's root zone and set to launch in 2022. This means the space dedicated to kids on the Internet has been born, and that you will soon be able to choose domain names such as www.hello.kids for your
DotAsia Announces the launch of .Asia Internationalized Domain Name (IDN) for th …
Hong Kong, 12 April, 2011 – Asia is continuing its rapid growth as the world’s most populated Internet marketplace, with an expectation to expand to more than 2 billion Internet users in 2013. Fact is, the vast majority of these users will not be navigating the Internet in English. Against this backdrop, Internationalized Domain Names (IDNs) or web addresses represented in local languages, will help drive brand identity, search patterns

More Releases for Asia

South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,
RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019". The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients. Asked to comment on the move, Luke Palmer, the