Xiaozhu, China’s peer-to-peer home rental platform, secures $120 million in its latest funding round. The company achieves unicorn status, indicating a valuation of at least $1 billion. Xiaozhu operates as a marketplace connecting travelers with hosts for short-term accommodations.
Airbnb is negotiating to acquire **Xiaozhu.com**, a leading home-rental platform in China. The discussions are at an advanced stage, with multiple meetings held between the companies. The potential deal aims to strengthen Airbnb’s presence in China’s rapidly growing short-term rental market.
China’s short-term rental platform **Xiaozhu.com** secures **$65 million** in Series C+ and Series D funding, totaling **$150 million**. Investors include **BAI (Bertelsmann Asia Investments), Joy Capital, Capital Today, Morningside Ventures, and Magic Stone Alternative Investments** as lead participants. The round expands Xiaozhu’s capital base to compete in China’s growing home-sharing market.
Xiaozhu, a Chinese home-rental platform, raises **$60 million in Series C funding** led by JOY Capital. The capital will support user experience enhancements, hiring, research and development, and brand-building efforts. The company operates as a competitor to Airbnb in China’s short-term rental market.