CEO of Chinese home-sharing company Xiaozhu, Chen Chi, has scotched rumours that the firm was in merger talks with US rival Airbnb. The two companies have been locked in a fierce battle for market share since they launched their services last year.
CEO of Chinese home-sharing company Xiaozhu, Chen Chi, has scotched rumours that the firm was in merger talks with US rival Airbnb. Speaking at the Boao Forum for Asia, Chen said the firms' discussions on possible cooperation did not extend to capital and that given the size of the Chinese market they wanted to operate independently.