November 24, 2016    1 minute read

Airbnb Moving Into China

   November 24, 2016    1 minute read

Airbnb Moving Into China

Talks have begun over the acquisition of the Chinese home-sharing company Xiaozhu by Airbnb.​

Editor’s Remarks: Airbnb is looking to step into the Chinese market by the best method possible, joining with an established Chinese competitor. China is notoriously difficult a market to enter as a Western company and several players with Chinese divisions often look to separate them as much as possible to alleviate volatility. The new Chinese firm is aiming for 500% organic growth by the end of the year and looks like a major deal to boost Airbnb’s presence. Airbnb has had several major successes over the course of 2016 and looks set to start 2017 as one of the top performers.​

What to watch: Airbnb, Tujia, Xiaozhu, WeChat, Tencent

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