Chinese Short Term Rental Market Soars As AirBNB Rushes to Localize

China might not be a great place for a search engine or a social media site to localize, but if you are in the O2O business, things are looking up.

Last week AirBNB sought a CEO for its China operations, the company also announced partnerships with China Broadband Capital and VC giant Sequoia Capital China, who will likely assist them in finding the right candidate. According to AirBNB, their customer base in China has risen 700 percent over the past year, making it their fastest growing market of outbound travelers.

But the growth in China’s short term rental market isn’t unique to AirBNB.

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