Ziroom Stock

Landlords told TechNode that house rental platform Ziroom has been demanding cuts in its rent, and walking away from leases if they refuse.

Property managers on Ziroom often lack the patience and ability to effectively communicate with tenants and the company seems only to be interested in passing the buck when facing complaints.

Ziroom, a Chinese apartment rental service provider, has raised a RMB4 billion ($621 million) Series A round of funding led by Warburg Pincus, Sequoia Capital, and Tencent Holdings. ,Greater China,Real estate,Expansion,Technology ,China,Warburg Pincus Asia,Sequoia Capital,Tencent,China Renaissance,H Capital,Growth capital,TMT,Source Code Capital,General Atlantic