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 Changing Business of Extended-Stay Hotels

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

Skyscanner Acquires Mobile Developer in Bid to Improve Hotel Booking
Why Business Class Is the New First Class
U.S. Outbound Tourism Snapshot for July 2014
Free Webinar: How To Effectively Personalize Marketing Across Travel Sectors