Quantcast
Digital Booking Sites

Two Airbnb-clone rental sites in China each get $10 million in funding

Excerpt from Fast Company

Jan 07, 2013 2:50 pm

Skift Take

Short-term rentals are disruptive to the lodging industry and truly global in scope, as this funding news punctuates.

— Dennis Schaal

Free Report: The Megatrends Defining Travel in 2015

China's Mayi.com offers short-term rentals online and has a mobile site, as well as iPhone and Android apps.


Two Chinese Airbnb clones, Mayi.com (meaning “ants”) and Xiaozhu.com (meaning “little piggies”), each announced that they’ve secured $10 million in venture backing. They join a third company, Tujia.com, in the suddenly crowded Chinese market for crowdsourced short-term lodging in citizens’ homes and apartments.

Mayi’s backers are based in Silicon Valley: VantagePoint, BlueRun and Sequoia Capital. [Xiaozhu.com’s funding came in the fourth quarter of 2012, and its backers have yet to be revealed.] Tujia, too, has a partnership with the American company HomeAway.

Read the Complete Story →

Tags: , ,

Next Up

More on Skift

Gogo Wi-Fi Gets More Expensive But Free In-Flight Internet Models Emerge
We’re Building a Drool-Worthy Program for Skift Global Forum 2015
Daily Travel Startup Watch: Urbn Havn, TourPlus and More
Megatrend For 2015: Natural Semantic Search Brings Quality Choices to Travelers