BEIJING, Oct. 10, 2018--Xiaozhu.com, a China-based home-sharing platform, announced today that it had raised around USD 300 million in its latest round of financing.

Jack Ma-backed Yunfeng Capital and Advantech Capital jointly led this round of funding. Other investors included the newly added GIC Private Limited and existing investors Joy Capital, Morningside Ventures, and Capital Today. China Taihecap continued serve as the exclusive financial advisor.

According to Chen Chi, cofounder and CEO of the company, the capital will be invested in global network expansion and the development of a smart home IoT system.