Chinese apartment rental start-ups owned by Q&K International (Qingke and Q&K International (Qingke ) are preparing IPOs. Qingke's IPO would value the startup at about $1 billion. Both companies, which have a business model similar to Q&K International (Qingke , have filed in the US and are seeking to raise $352 million . Both companies also have mounting losses and their financials suggest they will run out of cash in the nine months ending June 30 .
Chinese apartment rental start-ups owned by Q&K International (Qingke and Q&K International (Qingke ) are preparing IPOs. Both companies, which have a business model similar to Q&K International (Qingke , have filed in the US and are seeking to raise $352 million . Both companies also have mounting losses and their financials suggest they will run out of cash in the nine months ending June 30 .