But the offer is good only for certain .vip domains that are considered Chinese premiums:
- 1-3 letter domains
- 1-3 number domains
- 1-4 number domains (without 0 or 4)
I am not that clear on what the business model here is. I think that west.cn is focusing on .vip domains that have very high renewal rates while at the same time limiting the offer at only a few thousand domains. So they are hoping to earn enough money from renewals in the coming years to cover the cost of the transfers.
The only other thing I can think of is that maybe west.cn wants some piece of the expired .vip domains action. Expired domain name auctions is certainly a big revenue stream for major registrars in the legacy TLDs.
West.cn is also offering $3.2 .vip domain name registrations for a few days.