Airbnb's Top Chinese Rival Xiaozhu.com: House Sharing Has Taken Deep Root in China

When asked about Airbnb's recent active movements in China, Chen said this is an example of how foreign companies are learning from Chinese companies, in terms of localization and business innovation. Xiaozhu's competitiveness, as Chen emphasized, lies in strong offline service capability, which imposes high requirements for the teams' philosophy and execution. The company has devoted great effort in the construction of service system and infrastructure since the very beginning, which is different from its US competitor.

When asked about Airbnb's recent active movements in China, Chen said this is an example of how foreign companies are learning from Chinese companies, in terms of localization and business innovation. Xiaozhu's competitiveness, as Chen emphasized, lies in strong offline service capability, which imposes high requirements for the teams' philosophy and execution. The company has devoted great effort in the construction of service system and infrastructure since the very beginning, which is different from its US competitor.

Founded in 2012, Xiaozhu.com is among China's largest house-sharing platforms. In November 2017, the company announced it had raised $120 million in its latest financing round, led by the Jack Ma-backed Yunfeng Capital.

Photo - https://mma.prnewswire.com/media/675691/CEO.jpg