XHG
XChange
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About XHG
Xchange Tec.Inc
A leading technology-driven long-term apartment rental platform in China
Real estate management and development
Invalid Date
11/05/2019
NASDAQ Stock Exchange
38
09-30
Depository Receipts (Ordinary Shares)
No.801, Building 1, 1136 Xinzha Road, JingAn District, Shanghai, 200041, People’s Republic of China
Public Rental Housing Service
XChange TEC.INC was established in August 2014. The company is not an operating company, but a Cayman Islands holding company. The Company operates primarily through Chinese subsidiaries and other consolidated entities. The company is a technology-driven long-term rental apartment platform in China, providing young and emerging urban residents with conveniently located, ready to move in, affordable branded apartments and convenient multiple value-added services. The company is one of the pioneers in offering branded rental apartments in China. Under a decentralized leasing and operating model, the company leases apartments from landlords and converts these apartments into standardized furnished rooms for rent to people seeking affordable housing in the city, following efficient, technology-driven business processes. The company's net income from disposals consists primarily of rental service income, as well as income from various types of fees they charge tenants for some value-added services.
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