China-based companies raised $11.7 billion through IPOs in the U.S. this year, the most since 2014, according Renaissance Capital.
Danke, a Chinese residential rental company, has a debt-dependent business model that is showing signs of strain.
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Phoenix Tree Holdings (DNK) is on the rise Wednesday despite no new news coming from the company as heavy trading takes place.
BEIJING, Sept. 30, 2020 /PRNewswire/ -- Phoenix Tree Holdings Limited ('Danke' or the 'Company') (NYSE: DNK), one of the largest co-living platfor...