Phoenix Tree Holdings Limited
蛋壳公寓
Phoenix Tree Holdings Limited is the parent company of Danke Apartment (蛋壳公寓), a China-based long-term rental apartment operator founded in January 2015 that used internet technology to transform traditional residential leasing . Gaorong Ventures was an early and repeated backer: it co-led the Series B, then followed on through the B+ and C rounds , with the Series C in early 2019 raising approximately $500 million at a roughly $2 billion valuation led by Tiger Global and Ant Financial . Gaorong partner Rui Han led or participated in the investment . The company positioned itself as using AI-driven big data to remove intermediaries from rental transactions, improve operational efficiency, and upgrade housing quality . Phoenix Tree later listed on the New York Stock Exchange, though elsewhere's corpus does not cover its post-2019 trajectory in detail.
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