Mofang Living
Founded Year
2009Stage
Series D | AliveTotal Raised
$710MLast Raised
$150M | 6 yrs agoAbout Mofang Living
Mofang Living operates in the public rental housing sector in China, focusing on providing living spaces. The company offers furnished housing solutions that are flexible and affordable for consumers. Mofang Living caters to a diverse customer base, including business travelers, expatriates, and urban creative professionals, by providing short-term rental products and a community living environment. It was founded in 2009 and is based in Shanghai, China.
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Expert Collections containing Mofang Living
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Mofang Living is included in 1 Expert Collection, including Unicorns- Billion Dollar Startups.
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Latest Mofang Living News
Aug 27, 2024
(Yicai) Aug. 27 -- Several tenants leasing flats from Mofang Apartment in China's southern Shenzhen said their electricity was cut off after the rental company failed to pay the rent due to landlords for many months. An apartment in Longgang district experienced multiple power cuts since last month because Mofang owes the landlord six months of rent, the tenant told Yicai. One of the firm's V Ke Youth flats in Bao'an district was left in the dark several times this month due to five months of unpaid rent to the property owner, its tenant said. At least four Mofang and V Ke Youth apartments in Shenzhen have rent arrears with landlords, Yicai learned. Some property owners have cut ties with the company and taken back their flats due to months of unpaid rent. Some apartments have contractual disputes with the landlords, which is why payments have not been made as agreed, a Mofang employee said to Yicai. Mofang is one of the earliest rental property operators in China to establish a presence in the long-term lease market. In September 2022, Mofang filed for an initial public offering in Hong Kong, becoming the third such Chinese firm to apply for listing. After its initial application expired, the Shanghai-based company tried filing again in April last year, but to the same result. Mofang managed 76,000 units in 25 Chinese cities as of the end of 2022, including around 36,000 in Beijing and Shanghai and 14,000 in Guangzhou and Shenzhen, according to its latest prospectus. It also handled 388 stores. Mofang reported a net loss of CNY230 million (USD32.3 million) in 2020 and a net profit of CNY302 million in 2021 before swinging back into the red with a net loss of CNY247 million in 2022, mainly due to the impact of the Covid-19 pandemic. Editor: Martin Kadiev
Mofang Living Frequently Asked Questions (FAQ)
When was Mofang Living founded?
Mofang Living was founded in 2009.
Where is Mofang Living's headquarters?
Mofang Living's headquarters is located at Hongmei Road Number 3125, Minhang District, Shanghai.
What is Mofang Living's latest funding round?
Mofang Living's latest funding round is Series D.
How much did Mofang Living raise?
Mofang Living raised a total of $710M.
Who are the investors of Mofang Living?
Investors of Mofang Living include Caisse de depot et placement du Quebec, Warburg Pincus, AVIC Trust and DT Capital Partners.
Who are Mofang Living's competitors?
Competitors of Mofang Living include Anxin Apartment and 7 more.
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Compare Mofang Living to Competitors
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Tujia.com offers online vacation rental services. It manages the properties listed on the website and works with real estate developers to rent out unsold inventory, including apartments, homestays, and villas. The company was founded in 2011 and is based in Beijing, China.
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Wowqu is a brand under the Tsinghua Group that operates in the real estate sector, offering apartment rentals. The company provides shared living spaces in various urban areas and serves individuals interested in urban living. It was founded in 2015 and is based in Guangzhou, China.
Anxin Apartment offers a marketplace for trading apartments. It helps to build a life service platform with corporate employee accommodation as the core and build a five-in-one corporate rental ecosystem covering accommodation, recruitment, living, business retention, and talent training. The company was founded in 2012 and is based in Shanghai, China.
Uoko focuses on providing standardized rental apartments to young students and professionals in China's second-tier cities, including Chengdu and Wuhan. It is based in Chengdu, China.
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