CDPQ leads $150m round for China's Mofang Apartment
Mofang Apartment, a Chinese serviced apartment developer backed by Warburg Pincus, has raised a $150 million Series D round led by Caisse de dépôt et placement du Québec (CDPQ).
Based in Shanghai, Mofang operates more than 70,000 serviced apartments in 20 Chinese cities, targeting white-collar urban professionals with a high monthly income. The company claims to be China’s largest...
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