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.