Phoenix Tree Holdings Limited ADR
NYSE:DNK (3/15/2021, 8:04:00 PM)
2.367
+0.02 (+0.72%)
Phoenix Tree Holding Limited operates two branded products, Danke Apartment and Dream Apartment. Through Danke Apartment, they source and lease apartments from individual property owners on a long-term basis, design, renovate, and furnish such apartments in a standardized and stylish manner, and rent them out to individual residents, either as private rooms within an apartment or an entire apartment. Through Dream Apartment, they lease entire buildings or floors in a building, transform them into well-renovated and fully furnished dormitory-style apartments, and rent them to corporate clients for employee accommodation.
Phoenix Tree Holdings Limited ADR
ROOM 212 CHAO YANG SHOU FU 8 CHAO YANG MEN NEI ST DONGCHENG DIST
BEIJING F4 100010
P: 86-10-5717-6925
CEO: Jing Gao
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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