Chinese private equity firm Yunfeng Capital, co-founded by Alibaba’s chief Jack Ma, has led a US$120 million series E round in Xiaozhu.com, a Beijing-based short-term vacation home sharing platform. The investment will enable Xiaozhou.com to better compete with local rivals and Airbnb China for more market share. The round, which is joined by Chinese venture and investment firms Joy Capital, Morningside Venture Capital and Capital Today, reportedly valued Xiaozhu.com at unicorn level, a term used to describe a private company …

Yunfeng Leads $120M Round In Chinese Home Sharing Firm Xiaozhu.com appeared first on China Money Network.