Comment on China’s Airbnb Clone Xiaozhu Secures $60M USD Series C Funding by peter jackson

['Emma Lee', 'More Emma Lee', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2015-07-08 00:00:00

The funding will be invested in improving the user experience, staffing, R&D, and brand, according to Chen Chi, CEO of the company. However Xiaozhu, like most Chinese Airbnb clones, resembles more of a B2C model where landlords can rent out the whole flat to avoid bunking with a stranger. Founded by Chen Chi and Wang Liantao, two execs from Ganji-backed Airbnb clone Mayi.com, Xiaozhu has grown rapidly since it was founded in 2012. The new funding comes 13 months after a $15 million USD Series B round received in June last year, and an eight-digit Series A financing was raised in 2012. Image credit: Xiaozhu