Online Long-term Apartment Rental Platform Danke Gongyu Wins USD 70 Mln Series B+

Sohu.com, 6/06/18

Beijing-based Zi Wutong Asset Management, operator of online and mobile long-term apartment rental platform Danke Gongyu (Eggshell Apartment), announced today the completion of USD 70 mln in Series B+ funding led by Tiger Global Management with full participation from Series B investors China Media Capital, Gaorong Capital (formerly Banyan Capital), Joy Capital, Youjin Capital, Vision Plus Capital, and Bertelsmann Asia Investments.

Eggshell Apartments currently operates over 120,000 units. The company will seek more positions in new first-tier cities with a goal of reaching 300,000 by the end of the year, according to CEO and founder Gao Jing.

Editor's Note: Established in January 2015, Eggshell Apartments, as of the end of February this year, was operating in eight cities including Beijing, Shenzhen, Shanghai, Hangzhou, Tianjin, Wuhan, Nanjing, and Guangzhou. For more information on this topic, please see Long-term Rental Platform 'Eggshell Apartments' Lands USD 100 Mln Series B, MD 2/28/18 issue.

Keywords: VC online housing rental Internet funding China Media Capital Bertelsmann Series B Tiger Global Joy Capital Youjin Vision Plus Capital Danke Gongyu Zi Wutong Gao Jing long-term housing rental Gaorong Capital

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