Xiaozhu, Airbnb in collaboration talks

Home-sharing company Xiaozhu Inc is in discussions with its United States counterpart Airbnb Inc to cooperate in overseas markets, as the Chinese company seeks to establish a presence in Japan, South Korea and other Asian countries.

Chen Chi, CEO of Xiaozhu, said the two companies - which initiated talks last year - are discussing whether it is possible to cooperate on data and resources.

The partnership is also likely to cover China, the world's biggest outbound tourist market, but the talks are in early stages, Chen said.