China Airbnb rival Xiaozhu raises $120m from Jack Ma's Yunfeng, claims 'Unicorn' status

China Airbnb rival Xiaozhu raises $120m from Jack Ma's Yunfeng, claims 'Unicorn' status

Photo: Pixabay

China short-term rental firm Xiaozhu.com has raised $120 million in a funding round led by Jack Ma’s Yunfeng Capital, boosting the firm’s financial muscle as it looks to compete with local rival Tujia.com and U.S. giant Airbnb.

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