Xiaozhu.com is a Beijing-based short-term rental platform founded in August 2012 by Kelvin Chen Chi and Wang Liantao. It enables homeowners to list and rent out their properties for short stays, competing directly with Airbnb in the Chinese market. The platform has completed seven funding rounds including a $300M raise from Yunfeng Fund, reaching unicorn status. It serves both domestic travelers and international visitors in China.