China-based Xiaozhu raises $65m from Capital Today, Bertelsman Asia, others

Chinese Yuan notes. Photo: Reuters, a Beijing-based booking website for daily rental and short-term rooms, has completed its Series C and Series D round of $65 million from a group of investors, according to an article in China Money Network.

As per the report, the Series C round was led by Capital Today, and Joy Capital and Bertelsmann Asia Investments (BAI) co-led the Series D in which Morningside Ventures, Capital Today and Heyu Capital also participated.

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