Real Estate Aug 18, 2020 07:28 PM (GMT+8) · EqualOcean
On June 18, 2020, Danke Apartment stated that founder and CEO Gao Jing is currently under investigation by relevant local government departments, involving CNY 600 million state-owned assets. Danke hopes to establish a centralized long-term rental apartment equity investment fund with CNY 8 billion. The initial fund size is no less than CNY 3 billion, and this state-owned asset of Huaqiao is exactly Danke's leverage for greater social capital. This investment does not comply with the normal investment decision-making process. From 2017 to the first quarter of 2020, Danke has accumulated losses of CNY 6.31 billion.