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Shanghai shared accommodation operator running chained B&Bs, flats and villas across more than 200 local government partnerships.
Based in Shanghai, China, and founded in 2015, Shanghai Tuyi Apartment Management Co., Ltd. operates shared accommodation, including chained B&Bs, flats, and villas, and has signed cooperation agreements with more than 200 local governments. It has operated more than 40 thousand flats and villas. The company earns revenue from hotel management and flat rental. In December 2019 Shanghai Tuyi Flat Management Co., Ltd. closed a strategic investment from new investor 58.com. Its affiliate Sweetome Group operates over 60,000 properties in more than 280 destinations worldwide.
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