China's P2P Financial Information Service Company Ltd. has purchased a new domain name P2P.cn for CNY5 million.

P2P Financial Information Service (Shenzhen) signed a domain purchase agreement with Tao Chengcheng, owner of the P2P.cn domain name.

P2P Financial Information Service said that the transaction will help the company's development strategy; effectively promote its development of Internet finance-related industries and core businesses; and gradually divest non-core businesses. The company will optimize its business product structure; better focus on the development of core businesses; and improve operating efficiency.

Meanwhile, the domain name transaction will not bring substantial effect to the production or management of the company.

At the beginning of May 2015, Duolun Industry renamed itself to P2P Financial Information Service Co., Ltd.