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.
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