Xiaozhu , known as China 's Airbnb , is set to broaden its services and invest in improved security for the home - sharing sector after raising $ 300 m in its latest funding round . The start-up secured 120 million dollars in funding last November and signed strategic partnerships with Alibaba's travel branch Fliggy and Booking's online reservation platform Agoda. Yunfeng Capital , founded by Jack Ma , and Singapore 's hedge fund GIC Private were among the participants . Xiaozhu claims to have 500,000 listings across more than 650 countries internationally , and transaction volumes in China 's home - sharing market increased 30 % year on year in 2017 to reach CNY14.5bn ( $ 2.1bn ) . That figure is expected to climb to CNY50bn in 2020 , according to the State Information Center .
Xiaozhu , known as China 's Airbnb , is set to broaden its services and invest in improved security for the home - sharing sector after raising $ 300 m in its latest funding round . Yunfeng Capital , founded by Jack Ma , and Singapore 's hedge fund GIC Private were among the participants . Xiaozhu claims to have 500,000 listings across more than 650 countries internationally , and transaction volumes in China 's home - sharing market increased 30 % year on year in 2017 to reach CNY14.5bn ( $ 2.1bn ) . That figure is expected to climb to CNY50bn in 2020 , according to the State Information Center .