Chinese Airbnb rival Xiaozhu just raised $120 million in new funding
Xiaozhu, the Chinese home-sharing site, just got a whole lotta cash in its bid to take on rival Airbnb in the massive Chinese market. According to travel biz site Skift, the company just got $120 million in funding courtesy of a round led by Alibaba head honcho Jack Ma's Yunfeng Capital.
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