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

Skift Take

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

— Dennis Schaal

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.

Tags: airbnb, china, tujia

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