Mayi.com, one of the latest Chinese Airbnb wannabe, told Chinese portal Sina yesterday that the startup would be raising Series A round of up to US$ 10 million led by Vantagepoint with participation of BlueRun and Sequoia China. The funding is currently the largest one in Chinese vacation rental field.

Ganji, the Chinese classified site, gave out a local answer to vacation rental with the launch of Mayi.com late last year powered by a seed funding of US$ 20 million from Ganji. One strength of the service lies in the security check in which Mayi.com will send staff to validate the house to make sure renters’ safety. Not sure how scalable this could be if the Beijing-based startup grows at expected growth to expand available rooms to more than 100k in a year.

Zhang Guanglong, CEO of the company said the funding would go towards technology revamp and mobile developments. He claimed that as of now Mayi.com grabbed more than 40% of the market and crossed 300k room nights so far.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.