Renting an apartment in China is not that hard. There are a variety of online rental platforms providing customized services to both Chinese and foreign tenants.
According to industrial data provided by Beike, impacted by the COVID-19 and stringent quarantine rules, the total volume of house renting in 18 Chinese cities slumped.
On Mar.4, China’s leading online long-term apartment rental companies Beike officially confirmed that it had completed a D+ round of financing.
The long-term rental service provider Danke Apartment updated its F-1 prospectus filed to the US SEC and it is expected to be listed on New York Stock Exchange with the ticker symbol “DNK”.
According to Bloomberg, the Chinese real estate platform Beike Zhaofang (Beike), has been working with a consultant on a potential IPO and may complete its listing as soon as 2020.
Property managers on Ziroom often lack the patience and ability to effectively communicate with tenants and the company seems only to be interested in passing the buck when facing complaints.
Recently, the weather in Beijing has gradually cooled, but I still get sweaty after getting pushed and shoved back and forth while commuting on the subway. After the hour-long commute, all I want to do the moment I get home is to take a quick shower. But more often than not, I'd find myself greeted…
Tiger Global Management has recently led Chinese long-term apartment leasing firm, Danke Apartment in a US$70 million series B+ funding round. This financing round comes three months after Danke managed to raise US$100 million in a B round led by CMC Capital and Gaorong Capital earlier this February.