ISSUE – Nov. 23 | Airbnb Said in Talks to Buy China Home-Rental Rival Xiaozhu

Airbnb Inc. is in talks to acquire China’s Xiaozhu.com to expand in the nation’s home rental sharing market, according to a person familiar with the matter. The companies have held multiple meetings and the discussions are advanced in nature, the person said, asking not to be identified as the talks are private. A deal is likely, the person said. [ Bloomberg ]