Access the main content

Investments, the Chinese Airbnb, seeks international growth

The Chinese version of Airbnb,, is now valued at more than a billion dollars and hopes to branch out of its home market to conquer others around the world., the Chinese website for private rentals, announced it has raised 300 million dollars with help from All-Starts Investment, a Hong Kong-based fund. The company, often compared to Airbnb, has thus been valorized at one billion dollars.

With its strong appeal to international investors, hopes to expand its activities worldwide and grow beyond China's borders, as its co-founder, Melissa Yang, explained in Bloomberg. First it hopes to open up to other Asian markets, in destinations that are popular among Chinese travelers, such as Thailand, Indonesia, South Korea, Taiwan and Hong Kong. The young company is also considering progressively opening offices outside its borders in cities such as Paris and Los Angeles. 

Basing its development strategy on accommodations for compatriots living abroad, hopes to reach a supply of 400 to 500 million rental accommodations worldwide by the end of the year compared to 300 million at present.

The Chinese platform still has a way to go to catch up to its western homologue Airbnb, which is now evaluated at around 25.5 billion dollars and has a supply of some 1.5 million accommodations in 200 countries and 35,000 cities worldwide (read our article).

Also read:

  • A former director at Blackstone becomes financial director at Airbnb
  • Record valuation for AirBnB
  • Airbnb launches global product suite for businesses


You have consulted 10 content. Go back home page or at the top of the page.

Access next article.

Sign up to add topics in favorite. Sign up to add categories in favorite. Sign up to add content in favorite. Register for free to vote for the application.

Already signed up? Already signed up? Already signed up? Already registered?