Mayi.com Spun Off from Ganji, Receives Funding

Tencent Tech, 1/06/13

Beijing-based online classifieds site Ganji has announced that the company has spun off its short-term housing rental site Mayi.com. Di Guanglong, who was responsible for Maiyi while at Ganji, will become CEO of the new company. Ganji CEO Mark Yang will serve as Maiyi's Chairman of the Board.

Maiyi has also announced that the company has received nearly USD 10 mln in funding led by VantagePoint. Other investors include BlueRun Ventures and Sequoia Capital.

According to CEO Di Guanglong, over the past three months Maiyi has seen monthly growth of 15-25% and nearly 300,000 nights booked.

Maiyi will use its recently obtained funding to invest in product technology and mobile development.

Keywords: online real estate Di Guanglong spin-off VantagePoint VC Internet funding online classifieds Ganji BlueRun Sequoia Capital Mark Yang Mayi.com short-term rental

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