Chinese rival to AirBnB raises $300m funding

The growth of Xiaozhu, the unicorn of the home rental market in China, threatens Airbnb's Chinese market share.

Xiaozhu.com, China's rapidly growing rival to Airbnb, has raised $300 million in Series F funding, led by Jack Ma-backed Yunfeng Capital and Advantech Capital.

Most of Xiaozhu's existing investors have joined this new round of financing, including Joy Capital, Morningside Ventures, and Capital Today. The home rental company has even landed GIC as an investor the Singaporean state-backed fund is a frequent investor in many of Jack Ma's companies, from Alibaba to its affiliate firms.

Viewed as the unicorn of the home rental market in China, Xiaozhu’s valuation has grown rapidly and already exceeds $1 billion after its fifth round of financing. It currently...

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