In his mid-20s, Lu Heng "got an idea that has made him a lot richer," writes the Wall Street Journal.
He scooped up 10 million unused IP addresses, mostly form Africa, and then leases them to companies, mostly outside Africa, "that need them badly."
[A]round half of internet traffic continues to use IPv4, because changing to IPv6 can be expensive and complex and many older devices still need IPv4. Companies including Amazon, Microsoft and Google still want IPv4 addresses because their cloud-hosting businesses need them as bridges between the IPv4 and IPv6 worlds... Africa, which has been slower to develop internet infrastructure than the rest of the world, is the only region that still has some of the older addresses to dole out... He searches for IPv4 addresses that aren't being used — by ISPs or anyone else that holds them — and uses his Hong Kong-based company, Larus, to lease them out to others. ...
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