Chinese home-sharing startup Danke Gongyu bags $500m Series C

Photo by Nathan Fertig on Unsplash

Chinese home-sharing startup Danke Gongyu has raised $500 million in a Series C round co-led by existing investor Tiger Global Management and new investor Ant Financial, said a statement by Gaorong Capital, also an existing investor who joined the latest round on Friday.

Primavera Capital, Joy Capital and CMC Capital also participated in the round. The latest funding round has brought Danke Gongyu’s valuation to about $2 billion.

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