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.