The multi-billion-dollar home-sharing industry, which is transforming short-term rental markets around the globe, could soon be redefined by new competitors. One of Airbnb’s biggest rivals, Xiaozhu, is in talks with investors for more than $200 million to take on the pioneering American home-sharing giant, Bloomberg reported. The company’s website lets users rent and host homes and apartments across China, just like Airbnb. Xiaozhu is reportedly targeting a valuation greater than the $1-billion mark it hit […]
source https://therealdeal.com/la/2018/09/29/major-chinese-investments-could-shake-up-home-sharing/#new_tab
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