That's A Lot of Yuan for .CN
Of all the new gTLD's that will be released in the coming years, those with strong geographic implications stand to most greatly influence the market. Just take a look at what's happening now in China.
Nicenic, which operates a domain registration and hosting service in China, posted over the weekend that the open auction of pre-reserved .CN domain names has generated over 50 Million Yuan/RMB ($8.2 million U.S.).
Some of the stand out sales included Game.CN (which ended with a bid of 3.098 million CNY), GW.CN (2.004 million cny), LB.CN (1.1 million cny), and CM.CN (1.066 million).