China developer launches vacation rental online platform to tap unsold homes
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Hong Kong
CHINESE developer Fantasia Holdings Group has launched a vacation rental business similar to Airbnb Inc and HomeAway Inc to utilise the scores of homes left unsold as a property boom faded.
Fantasia's Home ENE online platform, launched last month, will rival Tujia, the Chinese home rental firm that last week raised US$300 million from investors including Singapore-based developer CapitaLand Ltd and Hong-Kong's All-Stars Investment Ltd to expand at home and abroad.
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