Qingke, a Nasdaq-listed apartment rental company which is widely depicted as a ‘second landlord’, is in trouble. Since its cash flow problems resulting from the COVID-19, the registered tenants found their rents have not been paid through the platform to landlords for three months, even though they are still paying the rental loans taken from the company’s backed lenders per the contracts. Many of them were forced out of homes as Qingke misses lease payments. Peers include Ziroom and Danke have encountered similar blowback and tenants are ousted by landlords.
