Vacation-rental websites are growing in popularity among travelers all over the world as they seek out cheaper alternatives to hotels, while property owners also gain a new source of income. Investors are flocking for shares in these companies, with a recent deal seeing U.S. private equity giant TPG Capital agreeing to invest $450 million in Airbnb, valuing the business at $10 billion, The Wall Street Journal previously reported. For China, the vacation-rental market is in its infancy relative to the U.S., and Chinese companies operating in this industry will have to go one step further to ensure clients are happy. For instance, also has an offline team to service listed properties that will, for example, make sure an apartment is clean prior to renting, Mr. Cao said. was founded in 2011 by Jun Luo and Melissa Yang, who was the principal group program manager at Microsoft Corp. and was responsible for overseeing the search engine Bing. She previously served as technology director at travel company Expedia Inc. Get the full story at The Wall Street Journal