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Aug 1, 2018 4:33:43 GMT 4
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SHORT-TERM rental firm Xiaozhu has raised US$120 million in a funding round led by Jack Ma’s Yunfeng Capital Authentic Oakland Athletics Jersey , boosting the firm’s financial muscle as it looks to compete with local rival Tujia and U.S. giant Airbnb.
China’s largest house-sharing platform said in a statement yesterday that the fundraising meant it was now a “unicorn startup,” implying a valuation of over US$1 billion. Airbnb was valued at US$30 billion in a fundraising round last year.
China’s fast-growing middle class is driving a boom in domestic tourism Authentic Philadelphia Phillies Jersey , with younger millennials increasingly looking for alternative options to the traditional tour group vacations of their parents’ generation.
Xiaozhu, however Authentic Pittsburgh Pirates Jersey , said the Chinese market was not easy to crack, especially for international firms.
“Only local companies with a sense of mission and commitment to the domestic market can stand a chance in gaining leadership in the Chinese market Authentic San Diego Padres Jersey ,” Chen Chi, Xiaozhu’s chief executive and co-founder Authentic San Francisco Giants Jersey , said in a statement.
Airbnb, which said earlier this year it was looking to expand its presence in the market Authentic Tampa Bay Rays Jersey , denied in April a Chinese media report saying it was in talks with Xiaozhu to work together in markets such as Japan and South Korea.
Xiaozhu has listings in over 400 locations globally and raised US$65 million last November. Existing investors include Joy Capital, Morningside Ventures and Capital Today.
Yunfeng said Xiaozhu had learnt from Airbnb and that the investment round would help accelerate its growth.
“Going off Airbnb’s business model Authentic Seattle Mariners Jersey , Xiaozhu has developed a proven successful model for house sharing to develop in China. Yunfeng Capital is looking forward to witnessing and helping Xiaozhu to grow rapidly,” Yunfeng managing director Li Na said.(SD-Agencies)
In India weddings certainly are a custom and that is celebrated with zeal by every single person. The rituals are carried out with maturity and seriousness and therefore are equally loved from the young and old alike.
But the most flamboyant of all are Punjabi weddings which might be loud and display their culture within the most elaborate way. The weddings are frequently arranged because of the elders of the friends and family. The local community is vast and consists of several castes and marriages take place in between individuals castes. Punjabi’s start out their celebration having a tiny and easy ceremony often called roka in which the groom’s father and mother officially acknowledge the woman as their daughter-in-law and the girl’s mother or father accept the boy as their son-in-law. The girl plus the boy receive envelopes crammed with cash from their family members along with the girl as well as the boy are officially engaged to get started on their courtship interval.
Immediately after a time frame the families meet to make a decision on the marriage ceremony date together with other ceremonies. The sagan ceremony is followed through the roka ceremony that is celebrated from your groom’s facet in their dwelling or external of it. The pundit performs a “havan” and thereafter the bride and the groom sit jointly and place rings into every single other’s finger. The boy set the ring initially followed because of the girl carrying out precisely the same and the relatives shower flowers and give them money as their blessings.
Prior to the marriage ceremony several modest rituals are celebrated in both the homes. Within the Punjabi bride’s dwelling Authentic St. Louis Cardinals Jersey , mehndi is celebrated wherever the girls sing teasing songs filled with humor for that bride and use henna on their palm. The celebration will involve great deal of dancing and songs with foods served in the altar. Around the marriage ceremony day chuda ceremony is done early in the morning the place the mamma (bride’s uncle) brings red and white bangles made of ivory and tie it with mouli (red color thread) and also the bride is manufactured to wear it for selected time frame soon after marriage some ladies tie kaleere on their bangles and shake them over the head of unmarried girls and when very few kaleere drops above the head of a girl she is thought to be future to get married. The girl is applied a paste of turmeric powder and mustard oil on her human body from the female members in the loved ones and after that sent to acquire the holy bath following which she wears her bridal dress that is possibly match or lehenga.
The Punjabi groom on the flip side is occupied undertaking critical rituals immediately after the sangeet ceremony is celebrated along with his family and it is utilized the paste of turmeric powder and mustard oil for the marriage ceremony day. The grooms then can take bath and produce a visit to some temple. He wears his wedding attire and also the father on the groom ties turban on his head often known as “sehra” and leaves for the marriage ceremony venue on the horse often called baraat.
The wedding commences while using the entry of your groom wherever he performs a puja with the pundit. The bride arrives soon after the puja and varmala ceremony is celebrated. The two then sit on a “vedi” and kanyadaan ceremony starts as well as the kids from bride side perform a prank to the groom by hiding his sneakers and return it on exchange of some reward. Right after the Kanyadaan ceremony, the couple requires seven phera’s which can be taking 7 rounds round the fire.
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China’s largest house-sharing platform said in a statement yesterday that the fundraising meant it was now a “unicorn startup,” implying a valuation of over US$1 billion. Airbnb was valued at US$30 billion in a fundraising round last year.
China’s fast-growing middle class is driving a boom in domestic tourism Authentic Philadelphia Phillies Jersey , with younger millennials increasingly looking for alternative options to the traditional tour group vacations of their parents’ generation.
Xiaozhu, however Authentic Pittsburgh Pirates Jersey , said the Chinese market was not easy to crack, especially for international firms.
“Only local companies with a sense of mission and commitment to the domestic market can stand a chance in gaining leadership in the Chinese market Authentic San Diego Padres Jersey ,” Chen Chi, Xiaozhu’s chief executive and co-founder Authentic San Francisco Giants Jersey , said in a statement.
Airbnb, which said earlier this year it was looking to expand its presence in the market Authentic Tampa Bay Rays Jersey , denied in April a Chinese media report saying it was in talks with Xiaozhu to work together in markets such as Japan and South Korea.
Xiaozhu has listings in over 400 locations globally and raised US$65 million last November. Existing investors include Joy Capital, Morningside Ventures and Capital Today.
Yunfeng said Xiaozhu had learnt from Airbnb and that the investment round would help accelerate its growth.
“Going off Airbnb’s business model Authentic Seattle Mariners Jersey , Xiaozhu has developed a proven successful model for house sharing to develop in China. Yunfeng Capital is looking forward to witnessing and helping Xiaozhu to grow rapidly,” Yunfeng managing director Li Na said.(SD-Agencies)
In India weddings certainly are a custom and that is celebrated with zeal by every single person. The rituals are carried out with maturity and seriousness and therefore are equally loved from the young and old alike.
But the most flamboyant of all are Punjabi weddings which might be loud and display their culture within the most elaborate way. The weddings are frequently arranged because of the elders of the friends and family. The local community is vast and consists of several castes and marriages take place in between individuals castes. Punjabi’s start out their celebration having a tiny and easy ceremony often called roka in which the groom’s father and mother officially acknowledge the woman as their daughter-in-law and the girl’s mother or father accept the boy as their son-in-law. The girl plus the boy receive envelopes crammed with cash from their family members along with the girl as well as the boy are officially engaged to get started on their courtship interval.
Immediately after a time frame the families meet to make a decision on the marriage ceremony date together with other ceremonies. The sagan ceremony is followed through the roka ceremony that is celebrated from your groom’s facet in their dwelling or external of it. The pundit performs a “havan” and thereafter the bride and the groom sit jointly and place rings into every single other’s finger. The boy set the ring initially followed because of the girl carrying out precisely the same and the relatives shower flowers and give them money as their blessings.
Prior to the marriage ceremony several modest rituals are celebrated in both the homes. Within the Punjabi bride’s dwelling Authentic St. Louis Cardinals Jersey , mehndi is celebrated wherever the girls sing teasing songs filled with humor for that bride and use henna on their palm. The celebration will involve great deal of dancing and songs with foods served in the altar. Around the marriage ceremony day chuda ceremony is done early in the morning the place the mamma (bride’s uncle) brings red and white bangles made of ivory and tie it with mouli (red color thread) and also the bride is manufactured to wear it for selected time frame soon after marriage some ladies tie kaleere on their bangles and shake them over the head of unmarried girls and when very few kaleere drops above the head of a girl she is thought to be future to get married. The girl is applied a paste of turmeric powder and mustard oil on her human body from the female members in the loved ones and after that sent to acquire the holy bath following which she wears her bridal dress that is possibly match or lehenga.
The Punjabi groom on the flip side is occupied undertaking critical rituals immediately after the sangeet ceremony is celebrated along with his family and it is utilized the paste of turmeric powder and mustard oil for the marriage ceremony day. The grooms then can take bath and produce a visit to some temple. He wears his wedding attire and also the father on the groom ties turban on his head often known as “sehra” and leaves for the marriage ceremony venue on the horse often called baraat.
The wedding commences while using the entry of your groom wherever he performs a puja with the pundit. The bride arrives soon after the puja and varmala ceremony is celebrated. The two then sit on a “vedi” and kanyadaan ceremony starts as well as the kids from bride side perform a prank to the groom by hiding his sneakers and return it on exchange of some reward. Right after the Kanyadaan ceremony, the couple requires seven phera’s which can be taking 7 rounds round the fire.
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