If you're new to Cheap Hosting Directory, you may want to subscribe to our RSS feed. Thanks for visiting!

Cambridge, Massachusetts - (Cheap Web Hosting Directory) - July 31, 2007 - Domain name marketplace, Sedo, recently brokered the sale of the domain Chinese.com for $1 million. The deal marks Sedo’s first seven figure sale in 2007.

Matt Bentley, Chief Strategy Officer at Sedo commented, ”Domain name sale prices often follow trends in the marketplace, and Chinese.com certainly indicated the massive economic interest in China. Additionally, the transaction further demonstrates Sedo’s expertise in the premium domain name market.”

Sedo is currently auctioning several premium domains - including Chinese.net - through its GreatDomains.com brand as part of a seven day auction. Other names for sale during the auction, which ends on Thursday, July 26, include StockQuotes.com, Accessoires.com, Shrimp.com, Whisky.com, Debit.com, Markets.com, Sweatpants.com, Albinos.com, Cantonese.com, Dads.com, Yoyos.com, MedicalRecord.com and Subscription.com.

Sedo, (acronym for ”Search Engine for Domain Offers”), is an online marketplace for buying and selling domain names and websites. Sedo began in 2001, as a student project among three friends: Tim Schumacher, Ulrich Priesner, and Marius Wrzner. The trio distributed computer games through the website offensiv.de. After the business was phased out, the students considered selling it, which laid the foundation for Sedo: ‘’search engine for domain offers.” Headquartered in Cambridge, Mass., Sedo has assembled what it believes is the world’s largest database of domain names for sale, with more than four million listings. Buyers and sellers are brought together through a searchable online marketplace, and conduct negotiations anonymously using an offer-counteroffer system. To facilitate successful transactions, Sedo has introduced a range of related services, including domain name escrow/transfer services, domain name appraisals, a domain brokerage service and paid domain name parking. Sedo’s model has attracted a global membership base of more than 355,000 domain professionals, and more than 7 million listings. Sedo offers regional versions of its site for the UK (Sedo.co.uk), France (Sedo.fr), Germany (Sedo.de), and Spain (eSedo.com).

To learn more about Sedo, please visit: www.sedo.com.