Airbnb rival Xiaozhu.com raises $300 mn from Jack Ma's fund
Airbnb's Chinese rival Xiaozhu.com on Wednesday said it has raised nearly $300 million in a funding round led by Yunfeng Capital, a venture capital firm co-founded by Jack Ma. Xiaozhu also said it will launch a smart service and security system for its platform backed by technology from Alibaba. However, the company did not disclose its new valuation. 