ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Startups

Chinese startup wins VC backing by finding daytime guests for hotels

SpaceBox so far raises 50 million yuan to give hip makeovers to stuffy old inns

SpaceBox renovates hotel rooms so they can be used for purposes other than sleeping. (Photo courtesy of SpaceBox)

BEIJING -- A Chinese startup that helps hotel owners attract young people is expected to accelerate its growth now that it has raised a total of 50 million yuan ($7.08 million) in venture capital.

Founded in April 2017, SpaceBox renovates privately operated hotels, then markets rooms to young people who are looking for space they can rent on an hourly basis to study, play video games on a big-screen TV or chill out with friends.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more