October 10, 2018 / 2:35 AM / a month ago

Chinese short-term rental firm Xiaozhu.com raises nearly $300 mln

BEIJING, Oct 10 (Reuters) - Chinese short-term rental firm Xiaozhu.com said on Wednesday it has raised nearly $300 million in a funding round led by Jack Ma’s Yunfeng Capital.

The company did not disclose its new valuation but said that following this round it is worth more than $1 billion.

It said it has also begun employing security technology for its platform that is developed by Alibaba Group Holding Ltd . (Reporting by Cate Cadell; Editing by Stephen Coates)

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