Comment on Airbnb-like Service Xiaozhu Raises $15mn of Series B Funding Led by Legend Capital by China's Airbnb Clone Xiaozhu Secures $60M USD Series C Funding - TechNode

['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 2014-06-17 00:00:00

Xiaozhu, a Chinese short-term home-rental service, reportedly announced it has secured $15 million of Series B financing led by Legend Capital and followed by existing investor Morningside Ventures, which has poured eight-digit Series A financing in the company in 2012. Different from other similar services, Xiaozhu integrates more social elements to the platform. Triggered by the success of their U.S. predecessor Airbnb, strings of Chinese room-sharing services mushroomed and received funding during 2012 to 2013. Mayi and Xiaozhu, two avid followers of the Airbnb model, announced $10 million funding respectively in 2013. Tujia got a combined 400 million yuan in Series A and B latter the same year.