Xiaozhu (meaning “little piggy” in Chinese) claims to have 2.6 million rooms listed in about 160 cities across China. That’s up from coverage of just 13 cities when we last wrote about the site in January 2013. It seems to focus on the low end of the travel market, with a number of cheap places featuring very basic rooms and even dorm-style bunk beds.
The lack of nice homes – what you’d think of as holiday homes – on the site might point to a broader issue with short-term rentals in China: a lack of trust on the part of landlords.
Xiaozhu is also up against the equally wacky named Mayi (meaning “ants” in Chinese), which also goes for the low end of the market.
Xiaozhu’s newest funding is from Legend Capital and existing investor Morningside Ventures.
(Source: Sohu IT – article in Chinese)