How China apartment rental giant Danke saw its business crumble

Highly leveraged expansion leaves debts unpaid and tenants demanding justice

20201207 Caixin apartments RTS31AOG

The collapse of Danke's controversial business model has sent shockwaves through China's massive rental market. © Reuters

HU YUE, NIU MUJIANGQU, WU XIAOMENG, QU YUNXU and HAN WEI, Caixin

The financial turmoil that crippled Danke Apartment, one of China's largest online apartment rental platforms, spilled into streets across China in recent weeks as angry tenants clashed with landlords.

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