A Pakistani domain investor is seeking a portfolio sale to the tune of $22 million dollars.
The domain portfolio consists of many LLL .com domains, generic .com domains and some two word .com compounds.
Among the three letter .com listed for sale, are gems such as and
According to the email, he’s seeking $5 million dollars for the latter alone!
The email making the rounds among domain investors has this intro:
“I am retiring to a life of farming in Pakistan & decided to sell my domains to raise the $22m needed. All prices are firm, first to initiate transaction with wins.”
The domain appears to belong to someone in Pakistan, but in recent years the same company, Rivers of Honey Ltd, was listed with British Virgin Islands as its locale.
Here is the domain list:


Internet Grows to 326.4 Million Domain Names in the First Quarter of 2016

VeriSign, Inc., a global leader in domain
names and internet security, today announced that approximately 12 million domain names were
added to the internet in the first quarter of 2016, bringing the total number of registered domain
names to approximately 326.4 million worldwide across all top-level domains (TLDs) as of
March 31, 2016, according to the latest Domain Name Industry Brief.
The increase of approximately 12 million domain names globally equates to a growth rate of 3.8
percent over the fourth quarter of 2015. Worldwide registrations have grown by 32.4 million, or
11 percent, year over year.
The .com and .net TLDs experienced aggregate growth in the first quarter of 2016, reaching a
combined total of approximately 142.5 million .com and .net domain names in the domain name
base. This represents a 7.1 percent increase year over year. As of March 31, 2016, the domain
name base of .com equaled 126.6 million names, while .net equaled 15.9 million names.
In the first quarter, Verisign processed 10 million new domain name registrations for .com and
.net, as compared to 8.7 million domain names for the same period in 2015.
During the first quarter of 2016, Verisign’s average daily Domain Name System (DNS) query
load was approximately 124 billion queries per day across all TLDs operated by Verisign, with a
peak of nearly 189 billion. Quarter over quarter, the daily average query load increased 0.5
percent and the peak decreased by 2.7 percent. Year over year, the daily average query load
increased by 3.5 percent, and the peak increased by 14.2 percent.

UN Secretary-General Ban Ki-moon visits Suzhou

Suzhou will play a more important role in global sustainable development, according to UN Secretary-General Ban Ki-moon, who visited the Jiangsu city with his wife on July 10.

Zhang Lei, vice governor of Jiangsu, welcomed Ban Ki-moon in Suzhou and introduced cities in the region with more than 2,000-year histories. Zhang also talked about Jiangsu’s developed economy, technology and education system.

Ban Ki-moon said that Suzhou is an industrial powerhouse of Jiangsu and is home to beautiful natural landscapes and innovative industries.

“Suzhou has set a good example in developing low-carbon economy and environmental protection, which conforms to our target of realizing sustainable development,” he said. Ban also spoke highly of Suzhou’s creative achievements in selecting high value-added and low-energy consumption enterprises to the city after learning about the Suzhou Industrial Park’s strategy of attracting investment.

UK explores free trade deal with China

UK has begun discussing ways to reach a free trade deal with the world’s second-largest economy, British Chancellor of the Exchequer Philip Hammond said.

It will be the first time that the UK has embarked on such a major project with China, and could see greater access for major Chinese banks and businesses to the UK economy.

Despite the short-term economic shock from leaving the European Union, it was time to explore “new opportunities” across the world, including with China, one of the UK’s biggest inward investors, Hammond said during an interview with BBC.

Hammond said that Britain is keen to do a free trade deal with China.

In return for greater access to the UK for its manufactured products and investment, China would reduce barriers to Britain’s service industries such as banking and insurance as well as UK goods.

That would be an important source of export income for Britain.

As Britain leaves the European Union and is not bound by the rules of the European Union, perhaps it will be easier for countries like China that are outside the European Union to do business with Britain in the future, Hammond added. 

Magazine urges Tesla to drop Autopilot name

Consumer Reports said Thursday that Tesla Motors is misleading car owners by calling its semi-autonomous driving system “Autopilot,” potentially giving them too much trust in their car’s ability to drive itself.

The influential magazine said Tesla should drop the Autopilot name and disconnect the automatic steering system until it’s updated to make sure a driver’s hands stay on the wheel at all times. The system currently warns drivers after a few minutes of their hands being off the wheel.

In an email, a Tesla spokeswoman said the company has no plans to change the name, and that data it collects show drivers who use Autopilot are safer than those who don’t.

With its statement, Consumer Reports joined a debate over autonomous driving technology that escalated after authorities revealed that Joshua Brown, 40, of Canton, Ohio, died in a May crash in Florida with the Autopilot on in his 2015 Model S. The system didn’t detect a tractor-trailer that had turned in front of the car in bright sunshine, and Brown also failed to react.

The National Highway Traffic Safety Administration is investigating the wreck and the functioning of the Autopilot system. After the crash, critics accused Tesla of giving drivers access to a system that wasn’t ready, while supporters contended the company was improving automotive safety.

Tesla’s Autopilot system uses cameras, radar and computers to detect objects and automatically brake if the car is about to hit something. It also can steer the car to keep it centered in its lane. The company says that before Autopilot can be used, drivers must acknowledge that it’s an “assist feature” that requires both hands on the wheel at all times. Drivers also must be prepared to take over at any time, Tesla has said.

Yet Laura MacCleery, Consumer Reports’ vice-president of consumer policy, said naming the system Autopilot gives drivers a false sense of security. Autopilot, she wrote, can’t actually drive the car, but it lets consumers keep their hands off the steering wheel for minutes at a time.

“We’re deeply concerned that consumers are being sold a pile of promises about unproven technology,” she said in a statement.

Last week Tesla disclosed that a Model X SUV crashed recently in Montana while the driver was using the autosteer feature on a two-lane road, which is not recommended by the company. Tesla, which gets information from its cars over the internet, said the car warned the driver at least once to place his hands on the steering wheel before it crashed.

MacCleery called on the Palo Alto, California, company to disable automatic steering until it updates the computer program to ensure a driver’s hands are on the wheel.

Consumer Reports also said Tesla should issue clearer guidance on how Autopilot is used and what its limitations are. Tesla CEO Elon Musk has said in a blog posting he’ll provide more thorough guidance and the spokeswoman said that was coming.

Tesla released Autopilot last fall and says the system is still in a “public beta,” or testing phase. Critics have complained that Tesla is using drivers as “guinea pigs”-a sentiment echoed by Consumer Reports.

Tesla said Autopilot underwent millions of miles of internal testing and is updated constantly. “We will continue to develop, validate, and release those enhancements as the technology grows,” the company’s spokeswoman said.

Call for Expressions of Interest to Host ICANN Meetings in 2019 and 2020

ICANN is actively seeking hosts for its public meetings to be held in 2019 and 2020 in Europe, Africa, Asia/Australia/Pacific, North America and Latin America/Caribbean. Those in the geographic regions are invited to submit expressions of interest for specific locations to hold the events. These recommended venues, along with others in the region that meet the selection criteria, will be considered. The final location for the ICANN Meetings will then be selected through the evaluation of both community- recommended and ICANN-identified locations.

Meetings in 2019 and 2020 will follow the new ICANN Meeting Strategy approved by the Board in 2014. The new strategy includes a unique format for each meeting throughout the year, defined as Meeting A, Meeting B and Meeting C.

Interested parties are encouraged to review the Meeting Selection Criteria and space requirements for Meeting A [PDF, 365 KB], Meeting B [PDF, 311 KB] and Meeting C [PDF, 363 KB], which will be used to guide the evaluation of both community-recommended and ICANN-identified meeting locations. Elements such as cost of the meeting for ICANN and the community, convenience to international airports, availability of sufficient hotel guest rooms in or near the venue, meeting facilities, network infrastructure, personal health and safety of meeting participants, and total level of financial support will be considered by ICANN in making its final selection of a meeting site.

Those interested in hosting an ICANN Meeting in 2019 or 2020 are encouraged to submit proposals by 30 September 2016 via the online form, Expression of Interest to Host an ICANN Meeting.

Manila wants to ‘entrench illegal occupation of islands and reefs': Whitepaper

The Philippines has repeatedly taken moves that have complicated the maritime disputes in an attempt to “entrench its illegal occupation of some islands and reefs” of the South China Sea, said a whitepaper issued by China on Wednesday.

The whitepaper, released by China’s State Council Information Office, accused the Philippines of “having increasingly intensified its infringement of China’s maritime and interests”.

“The Philippines also has territorial pretensions on China’s Huangyan Dao and attempted to occupy it illegally,” said the whitepaper, which has elaborated the current situation and China’s policy on the South China Sea issue.

The five-chapter whitepaper was released after that the Arbitral Tribunal, appointed by the Permanent Court of Arbitration in The Hague, announced on Tuesday that China has no “historic title” over the South China Sea.

The Philippines’ unilateral initiation of arbitration is “an act of bad faith”, said the whitepaper.

China maintains that peace and stability in the South China Sea should be jointly upheld by China and ASEAN member states, said the whitepaper.

China’s Foreign Ministry said in a statement released on Tuesday that the ruling “is null and void and has no binding force”.

Beijing issued two statements immediately after the arbitration ruling was announced. Noting that Chinese activities in the South China Sea date back more than 2,000 years, one statement pointed out that China is the first to have discovered, named, explored and exploited the South China Sea Islands and surrounding waters.

President Xi Jinping said on Tuesday that China is committed to resolving disputes through direct negotiations, but its national sovereignty and maritime interests will not be influenced under any circumstances by the South China Sea ruling.

The South China Sea Islands have been China’s territory since ancient times, and China refuses to accept any claims or activities based on the arbitral ruling, Xi said while meeting in Beijing with European Council President Donald Tusk and European Commission President Jean-Claude Juncker.

China state company acquires Europe windpower assets

China’s state-owned investment holding company State Development and Investment Corporation acquired Spanish energy firm Repsol’s offshore wind power business in the UK for 238 million euros on Wednesday, riding on a trend of Chinese investment into the UK’s offshore wind sector.

The move is the second Chinese company to invest in UK offshore projects in the last six months, following on from China Three Gorges’ acquisition of a 30 percent stake in the Scotland-based Moray Firth offshore project from Portuguese developer EDP Renovaveis in October.

As part of the deal, SDIC has acquired 100 percent of the 784 megawatt Inch Cape project and Repsol’s 25 percent stake in the 664 megawatt Beatrice project. Both projects are located off the Scottish east coast.

The rest of the shares for the Beatrice project are owned by UK utility firm SSE (50 percent) and Danish private investor Copenhagen Infrastructure Partners (25 percent). Repsol said the sale is a part of its goal to sell non-strategic assets.

Andrew Shepherd, senior power and renewables analyst at BMI Research, said this deal highlights the attractiveness of the UK’s offshore wind sector opportunities to Chinese investors, as the UK has the largest offshore wind market in Europe.

Shepherd said the strength of the UK’s offshore wind market is due to both the UK’s strategic location as an island nation, and also the UK government’s continued support for its strategically important offshore wind sector even as it cuts support for onshore wind and solar.

In addition, offshore wind sector in the UK is demonstrating high growth opportunities compared to onshore wind farms, which have proved unpopular for home owners living nearby.

Danae Kyriakopoulou, Managing Economist at the Centre for Economics and Business Research, said the acquisition demonstrates that the UK is open to foreign investment. The fact that SDIC Power acquired the UK subsidiary of a Spanish company shows that Chinese investors are increasingly keen to find UK targets with European links. Having invested heavily in the UK, the strategy is now shifting towards expanding to Europe as a whole.

“The fact that Repsol is a Spanish company means the Chinese investors will be able to build a reputation in Europe, and in the future have the opportunity to expand to bid for new projects in Europe,” Kyriakopoulou said.

In addition, the investment ties in well with China’s policies concerning the environment. As the world’s biggest investor in renewables, China is keen to bring the cost down through investment to help this form of energy compete with traditional sources such as oil, the price of which is expected to stay fairly low in the coming years, Kyriakopoulou said.

“This raises the potential to make returns from renewable energy projects in the long term, despite their lack of immediate profitability as it is such a new sector,” Kyriakopoulou said.

The UK has 5.7 gigawatts of offshore wind projects installed or under construction, and is on track to deliver 10 gigawatts by 2020, presenting the largest expansion in any class of renewable energy technology in the country, according to government statistics.

In recent years UK organizations have expressed an interest to work with China on renewable energy, and one example is a project the UK Foreign Office funded for the non-profit organization The Carbon Trust to conduct research into China’s offshore wind industry.

The research project was completed in 2013, which in turn generated recommendations on how China can further grow this sector. The Carbon Trust’s research in China was done with the participation of over 20 Chinese companies and has drawn up some recommendations for China to consider.

China remains top buyer of US real estate

Beijing – A total of $27.3 billion, 29,195 houses – What these numbers are saying is China has been the largest buyer of US homes for the second year in a row.
Increasing activity has brought both the dollar volume and number of units sold to levels far exceeding that of any other foreign demographic.

In terms of dollar volume, the Chinese bought 26.7 percent of the total amount of residential property sold, notes Lawrence Yun, chief economist at US National Association of Realtors as quoted by news media on Saturday.

In Profile of International activity in US Residential Real Estate, market researchers at NAR outlined some major trends in Chinese activity in the US market.

Among the major foreign buyers, Chinese buyers tend to purchase residential properties in central cities and suburban areas with relatively higher property prices. The average purchase price among Chinese buyers reached $936,615, almost three times of that of Canadians, the second most generous buyer group.

About a third of Chinese buyers purchased residential property in California, New York, Texas, Washington, and New Jersey. With roughly 39 percent of Chinese buyers buying in states other than these top five states, they are among the more broadly geographically distributed foreign buyer groups.

Ten percent of Chinese buyers made purchase in the city of New York alone. Other buyer groups tend to purchase properties for vacation purposes, while New York drew Asian buyers most likely for reasons related to geographic proximity, cultural similarities, and job opportunities.

Buyers from China were more likely to purchase residential property for the use of a child studying at a US university. 13 percent of Chinese buyers purchased the property for the use of a student.

Foreign buyers from China were more likely to pay cash. Fifty percent of reported transactions were all-cash sales, while among Chinese this number is 71 percent; only 20 percent obtained mortgage from US sources.

Asia Society and Rosen Consulting Group have also published a joint report on Chinese investment in US real estate, suggesting that Chinese investors have spent $110 billion on US properties in the past five years. The number is seen growing by 20 percent every year and may reach $218 billion as of 2020, the report concludes.

G20 economies to improve global trade governance: Statement

SHANGHAI – G20 economies agreed to improve global trade governance to arrest the slowdown of global trade growth, said a statement released Sunday after the two-day G20 Trade Ministers Meeting in Shanghai.

These economies would remain committed to an open global economy, and will further work towards trade liberalization and facilitation, according to the G20 Trade Ministers Meeting Statement, the first of its kind in G20 history.

“We cracked some real issues, because China took the initiative of setting up the trade and investment working group and put in lots of work, which have been very productive,” said Rita Teaotia, commerce secretary of the Department of Commerce in India.

“The G20’s agenda have been gradually shifting from dealing with the aftermath of financial crisis to long term governance in recent years, with trade and investment emerging as another critical aspect along with financial and fiscal coordination,” said China’s Commerce Minister Gao Hucheng.

The World Trade Organization (WTO) statistics showed that global trade growth has slowed significantly since 2008, from an average of over seven percent annum between 1990 and 2008, to less than three percent between 2009 and 2015. Last year marked the fourth consecutive year with global trade growth below three percent.

Global investment growth is also expected to moderate by 10 to 15 percent this year, according to the United Nations Conference on Trade and Development.

The meeting endorsed the G20 Strategy for Global Trade Growth, in which the economies will lead by example to lower trade costs, harness trade and investment policy coherence, boost trade in services, enhance trade finance, promote e-commerce development and address trade and development.

The WTO unveiled a new trade-related index called the World Trade Outlook Indicator (WTOI) on Friday ahead of the meeting, which is designed to provide real time information on trends in global trade. The current reading suggested that trade growth will remain weak into the third quarter of 2016.

“We are strongly against protectionism,” said Lilianne Ploumen, Netherlands’ minister for Foreign Trade and Development Cooperation. “Some countries still practice protectionism policies and I would suggest we try and find way to have understanding and teach people that the idea of protectionism is wrong.”

“As an organization that covers economies taking up 85 percent of the world economy, 80 percent of world trade and outbound investment and 70 percent of inbound investment, the G20 should improve trade and finance to help contribute to global growth,” said China’s Vice Commerce Minister Wang Shouwen.