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The shares of Danke Apartment, one of China’s biggest rental platforms, surged by more than 75% on Tuesday night, Beijing time, closing at $2.40, mainly due to the rumor that another leading rental specialist 5i5j will purchase Danke.
China’s housing rental transaction service platform operator Ke Holdings has filed a preliminary prospectus for a U.S. initial public offering on July 24, aiming to be listed on the New York Stock Exchange (NYSE) under the symbol “BEKE”.
Chinese apartment rental platform Ziroom was involved in a series of controversies amid China’s developing COVID-19 crisis. Recently, several media reports have accused the company of taking advantage of vulnerable groups and evicting tenants from Hubei.