Chinese Home-Sharing Platform Xiaozhu.com In Talks To Raise Over $200M

Chinese home-sharing platform Xiaozhu.com, often known as China’s answer to Airbnb, is in talks with Singapore’s sovereign wealth fund GIC Private Limited and other investors to raise over US$200 million in a new financing round. The potential deal comes on the heels of a US$120 million series E financing round that the company had secured in November 2017. The infusion officially made the home-sharing start-up a unicorn. The new funding round will enable Xiaozhu.com to target a higher valuation. However, …

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