Lining up its ducks: Airbnb is making a strategic move on the Chinese market.
Online home-rental marketplace Airbnb Inc said it was partnering with investment firms China Broadband Capital and Sequoia China to expand into the Chinese market and find a chief executive for its operations in the country.
The company, which was recently reported to have completed a US$1.5bil (RM6.13bil) private funding round, said in a blog post it was also working with a larger group of investors, including Horizon Ventures, GGV Capital and China-based Hillhouse Capital.
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