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Airbnb's Chinese rival invested $ 60 million

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.

Source: https://habr.com/ru/post/292508/


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