Tiger Global and Ant Financial lead $500M investment in China’s shared housing startup Danke – TechCrunch

Tiger Global and Ant Financial lead $500M investment in China’s shared housing startup Danke – TechCrunch

A Chinese startup that’s taking a dorm-like approach to urban housing just raised $500 million as its valuation jumped over $2 billion. Danke Apartment, whose name means “eggshell” in Chinese, closed the Series C round led by returning investor Tiger Global Management and newcomer Ant Financial, Alibaba’s e-payment and financial affiliate controlled by Jack Ma. Four years ago, Beijing-based Danke set out with a mission to provide more affordable housing for young Chinese working in large urban centers. It applies

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