GIC Eyes Backing Chinese Airbnb Rival

Posted on 09/28/2018


As the Airbnb money machine tries to make inroads into China, domestic players are surfacing. Singapore’s GIC Private Limited is a major sovereign wealth fund investor in China. Beijing-based Xiaozhu.com is a company that permits users to rent and host homes in China – a similar model to Airbnb. Xiaozhu is in talks with GIC […]