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

Xiaozhu.com Overview

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

ChinaBeijing

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Valuation

$1B (Nov 2017)

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

Xiaozhu.com valuation by funding round
DateStageValuation
Nov 2017Series E$1B
Jul 2015Series 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

Xiaozhu.com funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2018Series FAdvantech 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 2017Series EYF Capital (lead); Joy Capital; 5Y Capital; Capital Today$120M$1BXiaozhu.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 2016Series DBAI 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 2015Series C5Y Capital; CITIC Capital Holdings; MSA Capital$60M$360MXiaozhu.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 2014Series BLegend 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 2013Series A5Y 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

Investors in Xiaozhu.com by funding rounds participated
InvestorHQRoundsRoleFirst check
5Y CapitalChinaChina6LeadJan 2013
Joy CapitalChinaBeijing3LeadNov 2016
Capital TodayChinaShanghai3LeadNov 2016
YF CapitalChinaShanghai2LeadNov 2017
MSA CapitalChinaBeijing2ParticipantJul 2015
Advantech CapitalHong KongHong Kong1LeadOct 2018
GICSingaporeSingapore1ParticipantOct 2018
Legend CapitalChinaBeijing1LeadJun 2014

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Xiaozhu.com Competitors

Xiaozhu.com competitors include listed companies like Pierre & Vacances and Dan Hotels, and private ones like Gathern, Wander, Le Collectionist and Airalo.

Public and private companies comparable to Xiaozhu.com
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GathernSaudi ArabiaRiyadhPrivate--$267M-
WanderUnited StatesAustin, TXPrivate--$251M-
Le CollectionistFranceParisPrivate--$148M-
AiraloSingaporeSingaporePrivate$59M-$1B16.9x
Pierre & VacancesFranceFrancePublicly listed$2.1B$626M$984M2.0x
Dan HotelsIsraelIsraelPublicly 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Pierre & Vacances$2.1B$626M2.1x2.0x7.4x21.4x
Dan Hotels$513M$54M2.7x-25.7x-
Tripadvisor$1.9B$160M0.6x0.6x6.8x4.2x
Web Travel Group$280M$86M2.7x2.6x8.8x7.0x
Trainline$608M$221M1.9x1.9x5.3x4.8x
Hotel Shilla$1.9B($156M)1.0x0.6x(11.7x)9.8x
HK&S Hotels$1B$251M2.9x-11.9x-
PPHE Hotel Group$626M$128M3.8x3.7x18.5x12.6x

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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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