Danke Apartment offers renovated, fully furnished smaller rental units by slicing larger family-style flats into individual rooms and handling housekeeping and maintenance. The company targets young professionals, office workers and recent college graduates and has expanded to 10 major Chinese cities. Its pricing is set by AI-driven algorithms that use market data to determine rents and the startup emphasizes business intelligence and digitized operations. Danke plans to use new funds to upgrade its data processing system, boost operational efficiency, and further digitize day-to-day operations. The company will also invest in improving apartment amenities and tenant experiences and explore the housing market for blue-collar workers. Danke presents its platform as a way to increase transparency and efficiency for landlords and tenants while enabling faster scaling. Danke Gongyu operates an apartment-listings aggregation platform targeting young white-collar workers. Founded in January 2015, it has established a presence in eight Chinese cities, including Beijing, Shanghai, and Guangzhou. The company currently aggregates over 120,000 apartments and aims to add 180,000 more to reach a total of 300,000 listings as it expands into additional first-tier cities. Its growth strategy emphasizes scaling inventory on the platform. Danke has faced a recent PR issue after reports that it made tenants pay rent in installments without explicit consent. Financially, the company has raised large external capital, including a US$100M Series B in February and a US$70M Series B+ announced in June. Danke Gongyu operates an internet-powered long-term rental platform that lists standardized, re-decorated individual apartments on its app. Launched in January 2015 and headquartered in Beijing, it targets young white-collar workers three to five years out of graduation. The company currently offers nearly 80,000 rental units across eight large Chinese cities including Beijing, Shenzhen and Shanghai, with an occupancy rate around 95% and an average single-flat rent of 2,600 yuan (~$412) per month. Danke Gongyu profits mainly through markups on rent and positions itself as a comprehensive service provider integrating asset management, service and finance. It employs about 1,500 people, with core members from Nuomi, and says it will use new funds to optimize services, expand its business portfolio and build brand awareness. The company plans to improve its internet-based big data system to better understand tenants and landlords and to develop more value-added services.

Total raised

$670M

Funding rounds

3

Latest round

Series C

Latest activity

Feb 2019