Global EditionASIA 中文双语Français
Business
Home / Business / Companies

Home-sharing company Xiaozhu expands online business for booming tourism sector

By Cheng Yu | chinadaily.com.cn | Updated: 2019-05-20 20:55
Share
Share - WeChat
Chen Chi, co-founder and CEO of Xiaozhu, delivers a speech on the home-sharing market in Beijing on May 17, 2019. [Photo provided to chinadaily.com.cn]

Chinese online home-sharing company Xiaozhu announced the expansion of its online business to other accommodation services to meet diversified demand from the booming tourism sector.

Xiaozhu rebranded itself from home-sharing only to a platform with a well-rounded ecosystem, which covers more business related to traveling, including housekeeping and home interior photography.

"The move marks our push to step out of the comfort zone as we aim to become a home-sharing provider with more featured services with high-quality," said Chen Chi, co-founder and CEO of Xiaozhu.

According to the State Information Center, nearly 80 million Chinese consumers chose home-sharing last year while a survey by Xiaozhu found that half of its users born in the 1980s and 1990s have experienced featured services, including inns, in the same period.

The company said earlier it saw demand for cleaners and photography services soar last year. The number of cleaners and amateur photographers on its platform surpassed 6,100.

Founded in 2012, Xiaozhu raised $300 million in its latest round of financing last year and is locked in fierce competition with Airbnb and other domestic players in China.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE