Proactive Investors - Run By Investors For Investors

CentralNic says China gives green light for .XYZ domains

Representing one in four of all domains registered using new TLDs, .XYZ domains are establishing themselves as the main alternative to .COM
Internet top level domains
ICANN has extensively widened the range of top level domains available

The .XYZ top level domain (TLD) is coming to China, domain name and internet services company CentralNic Group PLC (LON:CNIC) revealed.

CentralNic, .XYZ's exclusive distributor, said that the TLD – the bit of an internet address after the final dot – is the most popular of the new generic TLDs that are being introduced (so-called “not.com” domains), and following a decision by the Chinese Ministry of Industry and Information Technology (MIIT), businesses and individuals in China will now be able to use it.

CentralNic said it worked with the .XYZ organisation to put in place a customised technology platform that has been approved by both the global internet regulator ICANN and China's MIIT.

MIIT-accredited .XYZ web addresses will be available via Chinese domain registrars from the 16th December 2016.

"I am delighted that our partner .XYZ has received its MIIT accreditation, .XYZ has always been the dominant new TLD, and China the biggest new TLD market. It's an exciting moment that should see .XYZ grow even faster," declared Ben Crawford, chief executive officer (CEO) of CentralNic.

.XYZ is actively sold through more retailers (‘registrars’) than any other new top-level domain name, and is already a multi-million seller in China, as Chinese citizens have obtained the .XYZ they wanted in anticipation of the MIIT accreditation,” he added.

Daniel Negari, CEO of .XYZ, said:  "Accreditation in China is one of .XYZ's most significant milestones to date. CentralNic has been an amazing back-end partner of XYZ and went above and beyond its contractual requirements to help navigate through foreign policies and technical requirements.”

The main element of CentralNic’s business is to provide the technical back end for internet domains. It runs and maintains the register of web site addresses on behalf of the domain name owners.

The wave of new gTLDs has been a long time coming, with the Internet Corporation for Assigned Names and Numbers (ICANN) opting in 2011 to massively increase the number available, offering alternatives to familiar gTLDs such as .com, .biz, .org and .info.

The .XYZ is far and away the most popular of the new gTLDs and has been talked of as the new alternative to .com .

View full CNIC profile View Profile

Centralnic Group PLC Timeline

Related Articles

lock
October 18 2018
Managed services revenue jumped 52% in the first half of 2018 with the order book standing at £2.4mln.
Software data
November 06 2018
The product will help companies in the commodities and energy sectors by automating the processes required to ensure compliance with the FCA's regime
Top-level domains
October 11 2018
In its interims, management undertook a full review of historic legacy agreements that led to a final US$721,000 final restructuring payment made against one agreement and an onerous contract provision on another resulting in a one-time write down for future expected losses of US$7mln with an associated US$4.1mln reduction in intangible assets to US$81.5mln.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use