Danke Apartment: The ‘broken eggshell’ that left young Chinese homeless – BBC News

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Experts say the company expanded its debt-fuelled model too aggressively and too fast. In just five years, the firm had a presence in 13 cities, and the number of apartments it managed jumped from 2,400 to more than 415,000 as of March last year. In January 2020, it listed on the New York Stock Exchange, raising US$149 million.

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