Asia,  China,  CITIC Capital,  Fundings & Exits,  Heyu Capital,  Morningside Ventures,  xiaozhu

Chinese Airbnb Rival Xiaozhu Closes $60M Series C Round

Screenshot 2015-07-10 18.12.19 Is there something in the water for peer-to-peer rental websites right now? Fresh from U.S. juggernaut Airbnb raising $1.5 billion and China’s Tujia taking in $250 million last month, Xiaozhu — another Chinese Airbnb equivalent — announced a lesser-but-not-insignificant $60 million Series C round at a $300 million-plus valuation. Read More