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Student.com eyes China for overseas accommodation


04-19-2016 17:22 BJT

The world's largest student rental platform, Student dot com, is partnering with Study London to attract more Chinese overseas students to the network. 

Student life is no bed of roses. Finding a place to live can be quite a nightmare - especially for international students.

Student.com, an online marketplace for student accommodation, signed a partnership deal with Study London - a major overseas promotional campaign of the London Government - on Monday in Beijing. It wants to help Chinese students find lodging for their study abroad.

Founded in 2011, Student.com now counts 200 employees with offices in London, Shanghai, New York and Hong Kong.

With an estimated 5 million students studying abroad every year, Student.com plans to list more than 750,000 beds for the coming academic year.

In February, the company received 60 million US dollars in funding from technology investors such as Xiaomi’s Hugo Barra and the founders of Spotify.

London is the top pick for Chinese students studying overseas.

In the 2014/2015 academic year, the Chinese made up the biggest bulk of international students in London, accounting for 13.5% of the total number of non-UK students, followed by the US and India. And the market potential is far from exhausted.

The student apartment network also has big expansion plans in China.

But the competition is not sleeping in what is becoming a hotly-contested space. Last year, rival Uniplaces received backing to the tune of 24 million US dollars while Comfy secured 1.25 million US dollars in funding.

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