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Online Short-term Rental Platform Ebnb Secures RMB 20 Mln Pre-A Funding, 8/14/17

Shenzhen-based Yuchuang Information Service, operator of online and mobile short-term rental platform Ebnb, has received RMB 20 mln in pre-Series A funding from Seashell Capital. The funding will mainly be used to grow the number of listings on the platform.

Ebnb, established in February 2017, provides rental services via its official website or its public account on Tencent's (0700.HK) WeChat mobile messaging app. The platform also provides homeowners with home design, interior decorating, distribution channels, operations, and customer service solutions.

Ebnb targets Chinese and foreign users traveling outside of China and focuses mainly on listings in popular travel destinations and city centers. The platform currently has over 200 listings available in eight overseas locations including Tokyo and Bali. The company is operating some self-owned listings, but is hoping that most of its listings will be operated by third parties in the future.

Aside from short-term rentals, the company also converts some listings not suitable for short-term rental into long-term rental properties. Its long-term apartment rental brand "Yue Ju," established in Hong Kong, has officially commenced operations.

In the future, the company will develop a B2B business and work with online and offline travel agencies.

Currently, the company has a total of over 300 listings, with several hundred more currently in the works, and has already achieved profitability.

Yuchuang Information Service was established in October 2015.

Editor's Note: Ebnb offers both a Mandarin and English-language version of its site.

Keywords: Yuchuang Information Service Ebnb short-term rental funding angel funding Seashell Capital Internet VC


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