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- Xiaozhu.com
Xiaozhu.com Valuation, Funding & Investors
Xiaozhu.com is valued at $1B as of November 2017.
Last Xiaozhu.com valuation
$1B
Series E · Nov 2017
Last Xiaozhu.com funding round
$300M
Series F · Oct 2018
Cumulative funding Xiaozhu.com raised
$562M
across 6 funding rounds
Key investors in Xiaozhu.com
5Y Capital
Joy Capital
Capital Today
YF Capital
MSA Capital
Legend Capital
About Xiaozhu.com
Xiaozhu.com is a Beijing-headquartered online marketplace for short-term vacation rentals and daily room bookings across more than 400 Chinese cities, featuring safety verification systems, property guarantees, and direct landlord-tenant communication to optimize idle housing resources since its launch in 2011.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$1B (Nov 2017)
Sectors
Xiaozhu.com Valuation
Xiaozhu.com is currently valued at $1B, based on its Series E in November 2017.
The $120M round was led by YF Capital, with participation from Joy Capital, 5Y Capital and Capital Today.
Xiaozhu.com's valuation has grown 2.8x from $360M at its Series C in July 2015 to $1B in November 2017, across 2 priced rounds.
Xiaozhu.com valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2017 | Series E | $1B |
| Jul 2015 | Series C | $360M |
Xiaozhu.com Funding History
Xiaozhu.com has raised a total of $562M across 6 funding rounds.
Xiaozhu.com's first fundraising round was a $2M Series A in January 2013. The most recent completed round was a $300M Series F in October 2018.
Xiaozhu.com funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2018 | Series F | Advantech Capital (lead); YF Capital (lead); Joy Capital; GIC; 5Y Capital; Capital Today | $300M | - | Xiaozhu.com, a Beijing-based online home-sharing platform often compared to Airbnb, raised approximately $300 million in a Series F funding round on October 10, 2018, led by Advantech Capital and Yunfeng Capital (co-founded by Alibaba's Jack Ma). Other investors included GIC, Joy Capital, Capital Today, and Morningside Venture Capital. The proceeds were earmarked for enhancing security features like facial recognition-enabled smart door locks (deployed in 40 Chinese cities via Alibaba's Ant Financial), expanding value-added services such as housekeeping and property photography, developing IoT systems including gas detectors and alarms, and pursuing global network growth through partnerships like Agoda. Founded in 2012, Xiaozhu operated over 500,000 listings across more than 650 cities worldwide, focusing on short-term rentals amid China's booming sharing economy and domestic tourism driven by a growing middle class. Xiaozhu competed intensely with Tujia.com (which raised $300 million in 2017 and had ~650,000 listings), Ctrip subsidiaries, and Meituan Dianping, all navigating strict regulations on address registration, host data disclosure, and temporary listing closures during political events. The firm emphasized a full-service model to reduce landlord-guest interactions and differentiate via technology and service chains. |
| Nov 2017 | Series E | YF Capital (lead); Joy Capital; 5Y Capital; Capital Today | $120M | $1B | Xiaozhu.com, a Beijing-based short-term home rental platform often called China's Airbnb, raised $120 million in its Series E funding round on November 1, 2017, led by YF Capital (Yunfeng Capital, co-founded by Jack Ma), with participation from existing investors including Joy Capital, Capital Today, and Morningside Venture Capital. Founded in 2012, Xiaozhu had by mid-2017 expanded to over 400 domestic and international locations, offering upstream and downstream services like cleaning and photography to capture market share in China's peer-to-peer home-sharing sector. The funding bolstered its competition against local rivals and global players like Airbnb, with plans for global network expansion and smart home IoT development backed by Alibaba technology. Subsequent rounds included a later 2018 raise with investors like 5Y Capital, Capital Today, and Joy Capital, and a Series F in 2021, bringing total funding to around $500 million across eight rounds. |
| Nov 2016 | Series D | BAI capital (lead); Capital Today (lead); Joy Capital (lead); 5Y Capital; MSA Capital | $65M | - | Xiaozhu.com, China's leading online house-sharing platform akin to Airbnb, announced on November 3, 2016, that it raised $65 million in combined Series C+ and Series D funding rounds, led by BAI (Bertelsmann Asia Investments) and Joy Capital, with participation from Capital Today, Morningside Ventures, and Magic Stone Alternative Investments. Founded in 2012, the Beijing-based company operated in 301 cities with over 100,000 listings and 10 million active users at the time. CEO Kelvin Chen Chi highlighted expectations of 500% organic growth in 2016, attributing success to innovations lowering the entry barrier for house sharing in China, such as accommodating unique demands like family reunions during Chinese New Year. The funding brought Xiaozhu's total capital raised to $150 million across four major rounds, marking a new development phase focused on branding, product innovation, service chain enhancement, and overseas market expansion starting in Q4 2016 to introduce more diverse listings. Xiaozhu competed in China's burgeoning vacation rental market against platforms like Tujia, emphasizing high-quality services amid rapid growth in outbound and inbound tourism. By 2018, it claimed over 500,000 active listings across 710 cities and raised $300 million from Yunfeng Capital. The company had attracted investors including Yunfeng Fund, GIC, and Capital Today in prior rounds, positioning it as a key player in short-term rentals alongside global rivals like Airbnb and HomeAway. |
| Jul 2015 | Series C | 5Y Capital; CITIC Capital Holdings; MSA Capital | $60M | $360M | Xiaozhu.com is China's short-term lodging sharing platform, often described as China's Airbnb rival. The company raised $60 million in a Series C round in 2015, led by Joy Capital. Additional investors in various rounds included 5Y Capital, Capital Today, JOY Capital, and Yunfeng Capital (which led a later Series F round in 2021). By September 2021, Xiaozhu had raised a total of $500 million across eight funding rounds. The company established a second headquarters in Chengdu, Sichuan province in April 2018 to support its expansion into lower-tier cities. |
| Jun 2014 | Series B | Legend Capital (lead); 5Y Capital | $15M | - | Xiaozhu.com, a Beijing-based Chinese short-term lodging sharing platform similar to Airbnb, raised $15 million in Series B funding on June 17, 2014, led by Legend Capital with participation from 5Y Capital. The round supported the company's growth in the online vacation rental market. |
| Jan 2013 | Series A | 5Y Capital (lead) | $2M | - | - |
Who has invested in Xiaozhu.com?
10 investors have backed Xiaozhu.com across its funding rounds, including 5Y Capital, Joy Capital, Capital Today, YF Capital, MSA Capital and Legend Capital.
Lead investors include Advantech Capital, YF Capital, BAI capital, Capital Today, Joy Capital and 2 other investors.
Xiaozhu.com Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Lead | Jan 2013 | ||
| 3 | Lead | Nov 2016 | ||
| 3 | Lead | Nov 2016 | ||
| 2 | Lead | Nov 2017 | ||
| 2 | Participant | Jul 2015 | ||
| 1 | Lead | Oct 2018 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Lead | Jun 2014 | ||
This data is available for Pro users. Sign up to see all 10 Xiaozhu.com investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialXiaozhu.com Competitors
Xiaozhu.com competitors include listed companies like Pierre & Vacances and Dan Hotels, and private ones like Gathern, Wander, Le Collectionist and Airalo.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $267M | - | ||
| Private | - | - | $251M | - | ||
| Private | - | - | $148M | - | ||
| Private | $59M | - | $1B | 16.9x | ||
| Publicly listed | $2.1B | $626M | $984M | 2.0x | ||
| Publicly listed | $513M | $54M | $1B | - |
Xiaozhu.com Public Comps
Xiaozhu.com is still privately-owned, but its public comps include Pierre & Vacances, Dan Hotels, Tripadvisor, Web Travel Group, Trainline, Hotel Shilla, HK&S Hotels, PPHE Hotel Group, Plava Laguna and Lemon Tree Hotels.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.1B | $626M | 2.1x | 2.0x | 7.4x | 21.4x | |||
| $513M | $54M | 2.7x | - | 25.7x | - | |||
| $1.9B | $160M | 0.6x | 0.6x | 6.8x | 4.2x | |||
| $280M | $86M | 2.7x | 2.6x | 8.8x | 7.0x | |||
| $608M | $221M | 1.9x | 1.9x | 5.3x | 4.8x | |||
| $1.9B | ($156M) | 1.0x | 0.6x | (11.7x) | 9.8x | |||
| $1B | $251M | 2.9x | - | 11.9x | - | |||
| $626M | $128M | 3.8x | 3.7x | 18.5x | 12.6x | |||
This data is available for Pro users. Sign up to see all Xiaozhu.com competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Xiaozhu.com
| When was Xiaozhu.com founded? | Xiaozhu.com was founded in 2012. |
| Where is Xiaozhu.com headquartered? | Xiaozhu.com is headquartered in Beijing, China. |
| Is Xiaozhu.com publicly listed? | No, Xiaozhu.com is a private, VC-backed company. |
| What is Xiaozhu.com's valuation? | Xiaozhu.com was last valued at $1B in its Series E in November 2017. |
| How much funding has Xiaozhu.com raised? | Xiaozhu.com has raised $562M across 6 funding rounds. |
| What was Xiaozhu.com's last funding round? | Xiaozhu.com's last funding round was a $300M Series F in October 2018, led by Advantech Capital and YF Capital. |
| Who are Xiaozhu.com's investors? | Xiaozhu.com's investors include 5Y Capital, Joy Capital, Capital Today, YF Capital, MSA Capital, Advantech Capital, GIC, Legend Capital, BAI capital and CITIC Capital Holdings. |
| Which companies are comparable to Xiaozhu.com? | Companies comparable to Xiaozhu.com include Gathern, Wander, Le Collectionist, Airalo, Pierre & Vacances and Dan Hotels. |
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