Chinese media lay into New York-listed home rental platform Danke as they urge authorities to not let exploiters get away

0
17
https://cdn.i-scmp.com/sites/default/files/styles/1280x720/public/d8/images/methode/2020/12/01/6fb82678-33be-11eb-8d89-a7d6b31c4b8a_image_hires_202913.JPG?itok=VmZDdZ7r

China’s state media urged authorities to take a hard look at the rental apartment industry after a liquidity crunch at New York-listed services provider Danke sparked an outcry from furious landlords and tenants across the country.Danke, officially known as Phoenix Tree Holding, rents flats from landlords on a long-term basis, refurbishes them and then leases them to tenants. In what looks like an apparent cash-flow failure in recent months, the company has missed payments to landlords,…

A Global Asset Management Seoul Korea Magazine

This post was originally published on this site