China’s home rental market is expected to be worth RMB 50 billion ($7.2 billion) by 2020.
The organization behind Airbnb and Reddit cited a change in leadership.
Nearly a quarter of China-founded VCs make the Hurun Global VCs list. Some 25 China-founded venture capital funds made it to the Hurun Global Venture Capitalists 2022 Half-Year Report released on Tuesday, which selected 121 VCs that have captured the largest number of unicorns and gazelles in their portfolios. (A gazelle company is a fast-growing […]
Airbnb hosts with a listing in China were notified by Airbnb China by email that their information could be shared with Chinese government agencies without further notice starting from 30 March 2018. Airbnb China explained that this was necessary for complying with local laws and regulations. A big “deactivate my China listing” button was included […]
The policy is the first of its kind in China.
The video conferencing startup has doubled revenues year-over-year since 2017.
Chinese peer-to-peer home rental platform Xiaozhu announced Wednesday that it has received $120m in the latest financing round. The firm said vaguely in the statement that the current round has bumped the startup to unicorn status, which means the valuation of this round would be around $1 billion or higher. Yunfeng Capital, the VC firm backed […]
It seems that China’s online travel and accommodation industry is still feeling the heat from the Golden Week. China’s home rental unicorn Tujia.com, often dubbed the Airbnb of China, announced today that it just completed a $300 million Series E for its online arm at a valuation of over $1.5 billion. The current round marks […]
The assumed reasons for the resignation of Airbnb’s China head, Ge Hong, may not be why he actually left, as suggestions that staff impropriety may be the reason. Chinese sources and The Information are reporting that the reason was in fact that Ge was pushed out for having a relationship with a female employee. Earlier […]
Airbnb is planning to quadruple its engineering team in China, hoping to tap into the country’s young and travel-hungry demographic, reports Bloomberg. The world’s fourth largest startup in 2017 is showing no signs of slowing down its expansion in China. After appointing a Chinese chief, Hong Ge, to run operations in the world’s second largest economy, […]