Xiaozhu, a Beijing, China-based short-term home-rental service, raised $15m in Series B financing.
The round was led by Legend Capital with participation from existing investor Morningside Ventures.
The company intends to use the funds to hire new people, and expand its R&D and marketing efforts.
Founded by Chen Chi, CEO, and Wang Liantao, Xiaozhu.com is a domestic online professional booking website for daily rental and short-term rooms. The company currently has offices in 13 cities all over the country covers more than 130 cities across China.
FinSMEs
18/06/2014