Qingzhu is an asset-light, tech-enabled economy hotel chain in China
• At 30 June 2020 Sofina has an observer seat in the decision making bodies of the company.
Founded in 2019, Qingzhu is an asset-light, tech-enabled economy hotel chain in China which supports partner hotels by providing access to its online booking platform, software solutions and management assistance. Qingzhu has signed over 3,000 hotel partners as of early 2020.
Sofina invested in Qingzhu in 2020 alongside GGV. The company is also backed by Sequoia, Source Code Capital and XVC.
China | 2020