Chinese start - up Danke Apartment has been valued at $ 500 after raising $ 500 m in a series C funding round , led by new investor Ant Financial and existing backer Tiger Global partners . it is driving the boom in rental housing in China , offering small but fully - furnished urban housing to office workers and college graduates , alongside housekeeping and laundry services . The company will use the funds to upgrade its AI - backed digital data processing system , which oversees rental transactions , improve its apartment amenities and customer experiences , and explore entering the blue - collar worker market .
Chinese start-up Danke Apartment has been valued at $2bn after raising $500m in a series C funding round, led by new investor Ant Financial and existing backer Tiger Global Management. Danke is maximising the boom in rental property in China, offering small but fully-furnished urban housing to office workers and college graduates, alongside housekeeping and maintenance services. The company will use the funds to upgrade its AI-backed digital data processing system, which oversees rental transactions, improve its apartment amenities and tenant experiences, and explore entering the blue-collar worker market.