If you follow DNJournal you quickly understand what the mainstream news hopes you will never discover— when it comes to eCommerce and understanding of domain-rich branding, China is eating our lunch. If it weren't for the smog and the proximity to the fault line for climate crisis when the shit finally hits the fan, I'd say opportunities would be more attractive for moving there.
That in mind today Internet Retailer announced "Yihaodian, operator of Yhd.com, is selling grocery items on Dangdang.com, while Dangdang.com is opening a bookstore at Yhd.com. Wal-Mart Stores owns a majority stake in Yihaodian.
Bookseller, DangDang.com (compare to Amazon) who trades on the NYSE reported net revenue of $1.04 billion in 2013, a 22% increase over the prior year.
Food seller Yihaodian reported 2013 sales of $1.9 billion.
No wonder they can shell out millions for domains as if they were pennies.
Common America, let's grab a mit and get into the game! We are losing badly. They've got the Dang and we've got the Dong!
Image: Salon (Workers wear the masks to protect them from air pollution in Shanghai, China, Friday, Dec. 6, 2013. Shanghai authorities have ordered youth indoors and halted construction as China's financial hub suffers one of its worst bouts of air pollution, bringing visibility down to a few dozen meters and obscuring its spectacular skyline. (AP Photo/Eugene Hoshiko)