Chinese economy to blame: 25.com did not sell

Release time：2012-11-30
Browse：3977

In the US, people keep on talking about the bad economy but China – the world’s emerging market and creator of technology – is
much worse; the yuan is artificially devalued.

It appears that the prospective Chinese buyer of the domain name 25.com, wasn’t backed with cash, after all.

The $1.5 million offer made on Cax.com was canceled early this morning.

According to Francois who operates Cax.com

“Sales has been cancelled this morning… apparently the bidder associate/partner/friend hold the money.”

Which brings us to another topic: when being told by a bidder that their “partner” or “associate” will be financing the deal, ask them
to come back later when they actually have the cash in the bank, instead of wasting everyone’s time!

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