China has approved the .CO domain for local commercial use

While the .CN namespace is well-saturated, the China’s Ministry of Industry and Information Technology (MIIT) has approved the .CO ccTLD for full commercial operations in China.

This means that websites which use .CO domain names can be operated and managed from local Chinese servers.

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What we can expect is the increased demand for certain .CO keyword or 3-5 number domain names by the Chinese companies or individuals, and from domain traders who will seek to make profit from this fortunate turn of events.