Chinese apartment rental platform Danke Gongyu to buy rival iShangzu for $200m

Chinese apartment rental platform Danke Gongyu to buy rival iShangzu for $200m

Shanghai, China. Photo: Sean Sheng/pixabay

Danke Gongyu, a Chinese online platform that connects landlords with long-term tenants, is acquiring Whale Capital-backed housing asset management platform iShangzu for $200 million, CMN reported.

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