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Goldman-Backed Hopper Muscles Into Airbnb’s Rental Territory

The booking and fintech app, valued at $3.5 billion last year, is debuting a new short-term rental product. 

A Hopper listing in Nashville.

A Hopper listing in Nashville.

Source: Hopper

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Frederic Lalonde, chief executive officer of travel tech unicorn Hopper Inc., doesn’t want to be the next Airbnb Inc.—a company whose name he purposely avoids uttering in conversation.

“Pinduoduo,” he answers without hesitation when asked which company he’d rather emulate, citing the China-based mobile marketplace that was founded in 2015 and has since swallowed up vast tracts of Asia’s e-commerce economy.