China’s technology stock mania scaled new heights yesterday when shares in a Shanghai-listed real estate company rose by the maximum 10 per cent daily limit after it changed its name to P2P Financial Information Service Co.
The company, formerly known as Shanghai Duolun Industry, acknowledged in filings that it had not started developing a peer-to-peer lending business.
But the company estimated that an internet domain it recently registered, www.p2p.com, was worth $100m.
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