China’s home rentals sector is hyperactive
By cameron in Uncategorized
Chinese home rental site Xiaozhu has raised $65 million, completing what is described as a Series C+/Series D round.
The news is the latest in a run of deals in China in the home rentals sector and follows on from Tujia taking over Ctrip and Qunar’s homestay businesses and Airbnb launching a dedicated unit for China.
The lead backers for Xiaozhu’s latest round are Capital Today, JOY Capital and Bertelsmann Asia Investments (BAI).
Xiaozhu raised $10 million in late 2012, a further $15 million in June 2014 followed by a $60 million Series C in July 2015.
The latest fund raising round is confirmed by China Travel News, which has spoken to the parties involved. Click here to read the article in full.
NB: This article appears here as part of Tnooz’s content partnership with China Travel News.