China rental startups push US listings despite familiar WeWoes

Similar to WeWork, Phoenix Tree and Qingke are short on cash and long on leases

ALEX FANG, Nikkei staff writer

NEW YORK -- Two Chinese apartment rental startups are headed for a Wall Street initial public offering this year, despite heavy losses and brewing investor skepticism of the real estate middleman-model in the aftermath of WeWork's failed IPO.

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