Online short-term rental platform.
Ant short-term rental is a leading online booking platform for short-term rentals and lodgings in China, which is a project of Catch.com to test the water of O2O mode and start a second business. The listings on Ant Short Rent are characterized by high cost performance and short-term rentals.
For users, this website also provides online payment function, undoubtedly is a short-rent apartment B&B booking platform, but also on the industry O2O mode of a practice. It is a trading platform for cost-effective and specialty short-term rentals.
The website was officially launched on November 8th, 2011. Yang Haoyong, CEO of Catch.com, sees Ant Short Rent as Catch.com's second venture. It is reported that Ant Short Rent will invest $20 million, of which $10 million will be used to subsidize tenants and landlords. The project to do ant short-term rental is estimated to lose money within two years, not to make a profit.
In 2013, the company received a round of financing from Merit Capital, Blue Chip Ventures, and led by Merit Capital. This round of financing is the largest amount of financing in the short-term rental industry.
In addition, ant short-term rentals officially spun off from Catch.com, has completed the registration of the new company and related matters and began to operate independently.
In 2012, Ant short-term rental has accounted for nearly 40% of the domestic online short-term rental market share, 20% to 30% ahead of the rivals, and has maintained a high growth rate of 15% to 25% in the past three months. 2012 overall orders have reached nearly 300,000 rooms/nights.
2015 Q1 online short-term rental market analysis report, ant short-term rental has occupied the largest share of 43.5%.