'Airbnb wants to buy Chinese competitor '

'Airbnb wants to buy Chinese competitor '

Tech November 23, 2016 10:30

- Real estate rental site Airbnb has been in extensive talks to take over its Chinese rival Xiaozhu.com. Based in San Francisco and want to western travelers Airbnb popular with the acquisition gain more foothold in the rapidly growing Chinese market. This report initiates Wednesday.

Xiaozhu. com and especially also Chinese Tujia. com are a lot bigger than Airbnb in China. The file of Xiaozhu. com has 100. 000 lodgings located in the country against the 75 000 of Airbnb. Tujia. com 450. manages 000 berths in about 1350 cities and towns, of which about a quarter in China.

Airbnb would take charge to avoid a costly battle for market share. Taxi app Uber gave to grow from $ 1 billion in China before its Chinese branch but ultimately to sell to competitor Didi Chuxing.

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