Everyday Network has exited apartment manager BestBond in an acquisition of undisclosed size by SoftBank-backed Ziroom.
Online apartment rental platform Ziroom has acquired Bestbond, a China-based apartment chain backed by real estate marketing firm Everyday Network, for an undisclosed amount.
Founded in 2013, Bestbond provides a chain of branded apartments focused on affluent young renters. It manages more than 6,000 rooms and has provided its services to more than 20,000 customers across Chinese cities including Beijing, Shanghai, Nanjing and Suzhou.
The company had received $18.9m in a series A round led by Everyday Network in November…
