TimeNet was appointed registrar for the new Internationalized domain name system (i-DNS) developed by Singapore's i-DNS.net International, and registration will be opened immediately.
TimeNet assistant general manager Cai QiYan said i-DNS is very likely to become the world standards for Chinese domains in a short period of time. To prevent domain names of major enterprises in the country from being registered by other countries, TimeNet has secured the first Chinese registration window to provide registration services.
TimeNet's main purpose of providing this service is to register or reserve important Chinese domain names for local enterprises, at the same time, to prevent opportunists from over-registering too many domain names. TimeNet has already requested for 10000 Chinese domain names which might be needed by local enterprises. In the first month of registration, only applications for domain names with suffix '.com' by profitable business organizations. Applicants must produce their respective business licenses when registering, and can only apply for domain names which coincide with companies' name or its relevant initials. This restriction will only be in force for the first month of application. If two companies applied for a same domain name, priority will be given to the party who completes the registration procedures first. Registration is at a one-time fee of NT500, and yearly subscription of NT1200.
-- Translated Article