Chinese College Student Goes Broke By Investing In Domain Names

Here's a true story from the dark side of domaining: a college student in China has lost all his money by overzealously investing in domain names; he may be blocked from graduating because he's unable to pay his tuition. Yikes!

Here's a snippet from today's story:

"A Chengdu college student named Shi Kaisheng spent all of his tuition money and savings on an unsuccessful investment in domain name registration, Chengdu Wanbao reports. Shi had registered more than 30 domain names since the second half of 2005, including stonesea.com, dayunhui.cn and libaiqing.cn. Every registration cost Shi a 60 Yuan registration fee and a 1,800 Yuan trademark registration fee per year. However, Shi has so far failed to sell any of his domain names. Shi said that he has no money for college tuition and may be denied a graduation certificate for defaulting on his tuition fees."