Chinese online long-term apartment rental platform Danke Apartment is acquiring its homegrown counterpart iShangzu for US$200 million in an attempt to raise its stake in China’s rental housing market, according to a statement released by Danke Apartment on Thursday. The US$200 million acquisition, once successfully closed, will see iShangzu’s assets and shares wholly merged into […]

Chinese Online Apartment Rental Platform Danke Acquires Homegrown Peer For $200M appeared first on China Money Network.