Explosive Internet Market in China Captured via IDNoptions Collaboration with Monster Venture Partners
IDNoptions Collaborates with Monster Venture Partners and Domain
Strategies to Enable Entrepreneurs to Build Profitable Businesses in
Asia on Premium Domains.
PHOENIX--(Business Wire)--
IDNoptions, LLC (www.idnoptions.com), a leader in International
Domain Name (IDN) acquisition, announced today an investment and
strategic partnership with Monster Venture Partners (MVP), LLC and
Domain Strategies, Inc. to expand and develop an industry-leading
portfolio of IDNs and to build businesses on those domains.
Steven Epstein, CEO of IDNoptions, states that "the Internet and
mobile community are on the brink of an immense eruption in China."
With nearly 1.4 billion people in China, Epstein predicts over 40% of
the Internet's content will be conducted in Chinese by 2011. Epstein's
company enables organizations to establish and expand their brands in
Asia. His concept was confirmed by some of the world's most respected
Internet executives and China experts. His portfolio contains the
Chinese equivalents of domains such as "greenbusiness.com,
airlinereservations.com, and realestateloans.com." There are over 2300
premium domains in Chinese, Japanese, Korean, Hindi, and Arabic in the
IDNoptions portfolio (www.idnoptions.com/blog/domains).
In October, 2006, browser technology made Internet search for
non-native English speakers easy. Epstein asks the question, "If the
Internet had been created in China, would you search for news using
Chinese characters?" The use of IDNs has been widely implemented by
the Chinese government, large Chinese Enterprises and Fortune 100
companies like Procter and Gamble, China
(http://www.idnoptions.com/blog) and GE, China.
When Robert Monster, Founder and Chairman of Monster Venture
Partners and Domain Strategies approached Epstein with the possibility
to build companies with IDNs, Epstein embraced the idea. This was an
outstanding opportunity to diversify and grow IDNoptions by
globalizing the domain development model pioneered by Domain
Strategies for major properties such as Healthcare.com, Patents.com
and Alerts.com.
Monster emphasizes that "IDNoptions is in the right place at the
right time. The partnership with Domain Strategies will allow these
raw domains to evolve quickly into high value properties that can be
of immense utility to Chinese Internet users by leveraging Domain
Strategies' proven ability to secure top content as well as deliver
this content in local languages." Concurrent with the financial
investment by MVP, Monster has agreed to assume the role of Chairman
of IDNoptions.
Patrick Pun, Executive Vice President for Asia-Pacific of MVP,
also serves the IDNoptions team as Executive Vice President for
Asia-Pacific. Pun says, "The timing is perfect for IDNoptions to build
the bridge to link multinational firms and their products and services
with the powerful Chinese market. Category-defining domains present a
great competitive advantage for those organizations by having rapid
access to diverse Chinese markets, in not only Mainland China but Hong
Kong, Taiwan, and throughout the world." Pun is based in Shanghai and
will be running the Shanghai operations of IDNoptions.
IDNoptions, LLC
IDNoptions, LLC (www.idnoptions.com). Located in Phoenix, AZ with
operations in Phoenix and Shanghai, IDNoptions holds over 2300 of the
finest IDNs that it licenses with consultative services, sells, and
develops into valuable businesses.
Domain Strategies, Inc.
Domain Strategies (www.domainstrategies.com) is a pioneering
leader in the field of Internet domain development. The company
partners with domain owners, visionary entrepreneurs and smart capital
to unlock hidden value in high quality Internet domain names.
Monster Venture Partners, LLC
Monster Venture Partners (www.monsterventurepartners.com), based
in Seattle, is a new breed of early-stage venture capital. MVPs
investment philosophy is to engage in a genuine hands-on partnership
with founders to jointly create value for all stakeholders.
IDNoptions, LLC
Natalie Grinblatt, 480-734-4907
Natalie.Grinblatt@idnoptions.com
Copyright Business Wire 2008
