Airbnb is in talks to buy China’s second-largest home accommodation service, according to a person close to the discussions, as the Silicon Valley company deepens its push into China.
The acquisition of Xiaozhu, if agreed, is poised to be the home-sharing service’s largest deal to date, with the Chinese company last valued at $300m. It comes on the heels of Airbnb’s expansion last week into new travel services such as tours.
As the world’s biggest outbound tourist market, China has been a focus for Airbnb, and the company has said it will double its investment there next year.
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