Warburg Pincus Invests $200M In Mofang Apartments

Warburg Pincus has made a follow-on investment of approximately US$200 million in Shanghai-based Mofang Apartments, an apartment rental service franchise in China, according to media reports.

The private equity firm previously invested in Mofang in 2012, according to its website. That investment was reportedly worth US$60 million.

Mofang provides standard high-end apartment rental services in China’s major cities, targeting white-collar workers and high-income professionals.

China Expert network
Nina Xiang
Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.