Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
China's quest for internet domination has taken an unusual detour: Exotic domain names.
Chinese entities have hovered up half of all domain names with new popular generic top-level domains (gTLD) extensions such as .online, .luxury and .xyz, according to Christian Voss, chief marketing officer at domain trading marketplace Sedo.
Websites ending with popular gTLDs, such as .com, have historically seen strong demand. For global businesses, not having a .com extension reflected poorly on their brand image, Voss said.
But in recent years, the Internet Corporation for Assigned Names and Numbers (ICANN) shook things up by approving many new extensions. ICANN estimated more than 1,300 new extensions could become available in the next few years.
While these extensions are being introduced gradually, rights to some of the popular ones have already fetched large sums of money from companies that sell domain names to the public, also known as registrars. For example, the rights to offer the .shop extension - mostly to e-commerce players around the world - was snapped up by GMO Registry in Japan for about $42 million.
Data collected by Sedo showed that currently 54 percent of all domain names with the new gTLD extensions are owned by the Chinese. As a result of the technology boom in China, due in part from the runaway success of the likes of Alibaba and Tencent, the number of domains purchased from within China rose 400 percent between 2013 and 2015.
"China is a market for everybody now," Voss told CNBC at the sidelines of RISE 2016, a technology conference in Hong Kong, adding websites such as 8888.com, for example, was suddenly becoming more valuable. The number 8 is considered to be lucky in Chinese culture.
The average resale value of a domain with older extensions such as .com on Sedo was about $2,000, while the newer gTLDs fetched anywhere between $1,500 and $1,600.
The latest surge in demand for quirky domain names marks the latest stage in a trend that is almost as old as the world wide web itself. Take Insurance.com for example - in 2010, the web address was reportedly sold for $35.6 million.
"Investors love good domain names," Voss said.
Voss explained domain names were valued based on how easy they were to understand and remember, and their relevance to companies that owned them. Generic words and phrases, particularly the "category killers," tend to fetch a lot of value in the domain trading market, he added. Examples of category killers include books.com or antique.com.
Follow CNBC International on and Facebook.