Sedo,the world's largest domain name marketplace and monetization provider announced the launch of the Chinese website Sedo.cn .

 

This way,the company expanded its international reach to serve China's 591 million Internet users and more than one billion Chinese speakers all over the world .

You can read the press release after the jump :

"Sedo, the world’s largest domain marketplace and monetization provider, today unveiled a new Chinese website, expanding its international reach to serve China’s 591 million Internet users and more than one billion Chinese speakers around the world. With the addition of a Chinese-language site, Sedo now offers a platform that powers domain related services and transactions in 7 languages, and support from a staff of domain professionals that speak 25 languages, further strengthening its position as the only true global domain marketplace and service provider.

“Sedo has always been an international company, and as the Internet expands to continue creating a global economy that connects languages, countries and cultures, we’re keeping pace with and even helping to fuel that rapid change,” said Sedo’s CEO, Tobias Flaitz. “We’ve seen growing demand for Chinese-related domains, including some of our most highly-valued sales in the recent past, and our new site will help expedite similar transactions and make them even easier to execute.”

For example, one of the largest domain transactions of 2012 was the Sedo-powered sale of Dudu.com for $1 million. Sedo’s brokerage team negotiated the sale while navigating the language barrier between a Chinese seller and Russian buyer. Other recent Chinese-related domains to sell on Sedo’s marketplace include yinhang.com for $300,000 and juxin.com for $66,666, two of the most highly-valued sales in the second quarter of 2013. In the third quarter, a private transaction to a Chinese buyer valued at nearly $500,000 was one of Sedo’s largest sales.

Sedo’s new Chinese-language site includes all the features and functionality of its other global sites in order to help connect Chinese speakers to its database of more than 17 million domains for sale. With nearly 50,000 active clients in China already, the site will make it easier for them to buy, park, and sell domains. It will also help to grow Sedo’s Chinese client base and expand the audience of potential buyers for all Sedo customers, no matter where they are in the world.