Airbnb in talks to buy major Chinese rival has more than 100K listings across 300 Chinese cities

TRD New York /
Nov.November 25, 2016 04:30 PM
A property listing at

Short-term home rental behemoth Airbnb is in advanced talks to acquire Chinese rival in a bid to establish a bigger foothold in China, according to Bloomberg.

Airbnb, valued at about $30 billion after a fundraising round in September, already has about 75,000 listings in China, according to Bloomberg. It plans to expand its Chinese staff to about 300.

Xiaozhu said it has 10 million active users and more than 100,000 listings across more than 300 cities in China. It announced a $65 million fundraising round earlier this month.

Venture-backed U.S. startups have had a hard time going it alone in China, and Airbnb has already inked a partnership with Tencent, parent company of the popular messaging app WeChat. Up to 70 percent of Airbnb’s China logins came through WeChat, according to Bloomberg.

Meanwhile, in New York, Airbnb is engaged in a battle with New York regulators. Gov. Andrew Cuomo signed a bill last month that would impose a hefty fine on hosts who use the platform for short-term rentals that violate the state’s multiple dwelling law. [Bloomberg]TRD

Related Article

From left: Mayor Bill de Blasio, 54 West 39th Street, 62 Grand Street, and 208 West 30th Street (Credit: Google Maps)

The Airbnb crackdown continues: City targets three more buildings

Sonder CEO Francis Davidson and 20 Broad Street

Airbnb competitor Sonder says after new funding round it’s now worth $1B

Mayor Bill de Blasio and Stanley “Skip” Karol, an Airbnb host (Credit: Getty Images and Youtube)

Airbnb host narrowly clears hurdle in First Amendment claim against city

Even with $155M in price cuts, this is still the most expensive home listing in LA

A West Village Airbnb listing (Credit: Airbnb)

Airbnb Luxe launched without listings in one of their biggest potential markets — why?

Luxury brokers insist they can take on Airbnb Luxe and win

Airbnb may follow Slack’s direct listing route

Indian hotel startup to launch in NYC, LA with $300M US investment