Xiaozhu, the Chinese housing reservation
project, received $ 60 million in the next round.
The leader of the round was the fund
JOY Capital . In addition,
CITIC Capital and
Heyu Capital acted as investors. The funds will go to new employees, marketing company and scaling business. Last summer, the service raised $ 15 million.
The service operates in 200 cities in China. Xiaozhu helps holding
Alibaba . He provided the company with its payment system and security service to combat fraud,
reports TechCrunch.
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Recently, Chinese analogues of large and successful projects have been actively developing. So,
Uber rival,
Didi Kuaidi taxi order service recently
raised $ 2 billion in the next round.
Xiaozhu is an analogue of the
Airbnb service. Megamind
wrote that Airbnb received $ 1.5 billion in the next round of funding. After that, the company's valuation should reach $ 24 billion. Thus, Airbnb can become one of the most expensive companies in the hospitality market.