Chinese property startup Danke Gongyu raises $70m led by Tiger Global

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Danke Gongyu, a Chinese property startup has recently raised $70 million in a Series B+ round that was led by New York's Tiger Global Management.

Other investors who took part in the round include existing backers – China Media Capital, Gaorong Capital (formerly known as Banyan Capital), Joy Capital, Vision Plus Capital, Beterlsmann Asia Investments – and Shenzhen Youjin Investment Management.

The funding round comes shortly after the apartment leasing platform raised a $100 million Series B round led by CMC Capital and Gaorong Capital this February. It raised a $14 million A+ round in June 2017, led by Joy Capital.

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