AsiaYo, a Taiwan-based vacation rental platform, has raised US$7 million in series B funding. The round was led by Alibaba Taiwan Entrepreneurs Fund and China Development Financial, with Darwin Ventures and Delta Ventures also participating.
The startup will use the money to bankroll its ongoing international expansion. It has a presence in Japan, Korea, Hong Kong, and Thailand, with Singapore and Malaysia joining the list by early 2019. The fresh capital will also support product development and talent acquisition.
AsiaYo also revealed plans to launch a Japanese website next year. As part of its partnership with local holiday rental service provider Rakuten Lifull Stay, AsiaYo users can reserve private lodging facilities listed on the former’s Vacation Stay platform.
Tech in Asia has reached out to AsiaYo for more information. We’ll update this piece accordingly.
Editing by Eileen C. Ang
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