SHORT-TERM rental firm Xiaozhu has raised US$120 million in a funding round led by Jack Ma¡¯s Yunfeng Capital Cheap Under Armour Womens Shoes , 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, with younger millennials increasingly looking for alternative options to the traditional tour group vacations of their parents¡¯ generation.

Xiaozhu, however, 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 Cheap Under Armour Shoes ,¡± Chen Chi, Xiaozhu¡¯s chief executive and co-founder, said in a statement.

Airbnb, which said earlier this year it was looking to expand its presence in the market, 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 Under Armour Youth Shoes Outlet , 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)

Allergy Relief: Your Relief Options Reviewed

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Although there are a number of natural ways that you can manage or treat your allergy symptoms, many individuals prefer the convenience that is often associated with prescription medications and over-the-counter products. If you are able to see a doctor Under Armour Womens Shoes Outlet , like if have health insurance, you may be able to get a prescription strength allergy medication. With that in mind, sometimes, severe symptoms must be present. If you are able to get a prescription from your doctor, just head down to your local pharmacy and get it filled.

Over-the-counter allergy relief medications and products are another great way to seek relief from allergies. What is nice about over-the-counter products is that you do not need to have a prescription. This is great if you are uninsured, as you may find it a more affordable way to seek relief Under Armour Shoes Outlet , as opposed to visiting a doctor. Over-the-counter allergy relief products are sold by drug stores, supermarkets, discount stores, and department stores.

As for which of the above mentioned approaches you should take to seek relief from your allergies, you will find that it all depends. Obviously, limiting your contact with or removing yourself from the source of your allergies is best. Next Under Armour Youth Shoes Sale , many allergy sufferers recommend medicines, but they aren’t always right for everyone. For example, some people experience painful and irritating side effects. In those instances, natural remedies are often the best way to go, as they are a much safer approach to take.

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CANBERRA, Aug. 21 (Xinhua) -- Australia's federal Opposition leader Bill Shorten has identified himself as the senior Labor Party figure who had been the subject of rape allegations dating back to the 1980s.

He broke his silence on Thursday afternoon after being cleared by police of the damaging allegations and says the matter is now " over".

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