Just weeks after its rival Tujia.com consolidated power with online travel companies Ctrip.com and Qunar, Xiaozhu.com has now said it has closed a new round of investment.

Beijing-based short-term vacation home sharing website Xiaozhu.com says it completed a series C+ and D round, raising a total of US$65 million from private equity firm Capital Today, Joy Capital, Bertelsmann Asia Investments and others.

Capital Today led its series C+ round, while Joy Capital and BAI led the series D round, with participation from Morningside ventures, Capital Today and Heyu Capital, the company said in an announcement.

Xiaozhu.com also revealed its latest operation numbers. It currently has listings of 100,000 lodging units in 301 cities in China. Active users has increased to nearly 10 million.

Tujia.com International last month agreed to acquire the vacation rental businesses of Ctrip and Qunar.com as part of a strategic partnership agreement. In June 2016, Tujia.com completed a share swap to take Ganji's vacation rental platform Mighty Talent Ltd., also known as Mayi, under its wing.

Zhubaijia, a vacation home rental platform backed by HNA Tourism Holding (Group) Co., Ltd. and CITIC GoldStone Investment Fund, completed a listing on China's New Third Board in April 2016.

LEAVE A REPLY

Please enter your comment!
Please enter your name here