Legend Capital Leads $15M Series B For XiaoZhu.Com


Beijing-based Chinese short-term lodging sharing platform XiaoZhu.com has received US$15 million series B financing, led by Legend Capital, according to Chinese media reports.

Existing investor Morningside Venture Capital also participated.

The company, which aspires to be China’s Airbnb, previously received series A funding from Morningside.

Launched in August 2012, Xiaozhu has operations in 13 Chinese cities including Beijing and Shanghai. It provides lodging sharing services in over 130 cities in China.

China Expert Network
 

RELATED NEWS



LEAVE A REPLY