Xiaozhu, a Chinese short-term home-rental service, reportedly announced it has secured $15 million of Series B financing led by Legend Capital and followed by existing investor Morningside Ventures, which has poured eight-digit Series A financing in the company in 2012. The capital will be invested in team construction, R&D, branding, said Chen Chi, CEO of the company.

Chen Chi and Wang Liantao, two former execs of Ganji.com, founded Xiaozhu in 2012 after leaving Mayi.com, the vocational rental service backed by classified site Ganji.com earlier the same year. Different from other similar services, Xiaozhu integrates more social elements to the platform. The company claimed to have suites available in more than 160 cities countrywide and have established offices in 13 cities.

Triggered by the success of their U.S. predecessor Airbnb, strings of Chinese room-sharing services mushroomed and received funding during 2012 to 2013. Mayi and Xiaozhu, two avid followers of the Airbnb model, announced $10 million funding respectively in 2013. Tujia got a combined 400 million yuan in Series A and B latter the same year. Other similar local services are Zhuwona and Soufun-backed Youtianxia.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.