Chinese tenants, landlords left dismayed by Danke debacle after US-listed firm fails to pay up, leading to evictions

//Chinese tenants, landlords left dismayed by Danke debacle after US-listed firm fails to pay up, leading to evictions

Chinese tenants, landlords left dismayed by Danke debacle after US-listed firm fails to pay up, leading to evictions

For Henry Wang and thousands of other young tenants across China, the business model pitched by one of China’s largest rental specialists seemed to be exactly what they were looking for – a win-win arrangement in which they were offered a decent place to live at an affordable price in a major city, while increasing the rental profits of property owners.It seemed too good to be true – right up until the moment his landlord showed up and told him to get out.“The landlord came [on December 6] with…

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By | 2020-12-15T10:00:19+00:00 December 15th, 2020|Headlines|Comments Off on Chinese tenants, landlords left dismayed by Danke debacle after US-listed firm fails to pay up, leading to evictions