In the March quarter, average monthly revenue per rented unit fell more than 9% from a year earlier, while the occupancy rate of Danke's properties also dropped to 75.6% from 77.8% the year before. First- quarter numbers are the most recent available from the company.
Media reports in China have begun to raise questions about Danke's financial health. Danke has failed to pay some landlords their rent, according to a, which added that some property owners have responded by trying to evict tenants. Popular Chinese social media app Weibo shows dozens of complaints from people claiming to be former tenants who were kicked out of their apartments by landlords who haven't gotten rent from Danke, according to a CNBC translation of those posts.reported that landlords and tenants were waiting at Danke's Beijing headquarters to get their money back.
horrible
China has made billions of their criminal warfare disease.