Home-sharing services gather pace, grow fast

Airbnb Inc, a US-based home-sharing service provider, is ramping up its efforts in the Chinese market, doubling its investment and tripling its Chinese workforce this year, to focus on millennials who are looking for a new travel experiences around the world.

"We are confident of our long-term growth in China. China is one of our most important markets globally," said Ge Hong, vice-president of Airbnb in charge of China business.

"Since 2008 to date, there have been more than 5.3 million Chinese guest arrivals at Airbnb listings all over the world, and we have seen a 142 percent increase in outbound travel last year."