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Property

China's long-term 'Airbnbs' struggle to overcome coronavirus chaos

Co-living companies see bright future even as industry shakeout looms

Co-living is seen as one solution to the housing crises in crowded cities like Hong Kong. (Photo by Shinya Sawai)

PALO ALTO, U.S./HONG KONG -- When Susan Yu received a call from Danke in February, she was baffled.

Danke Apartment, which manages more than 350,000 housing units in China including Yu's home in Xi'an, told her she needed to vacate the apartment as soon as possible because the landlord did not want to rent the place anymore, according to Yu who signed a one year lease with Danke that is supposed to end in October 2020.

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