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Can someone explain the 'on' in this statement?

>> Airbnb does not publish the number of properties featured on the service but has confirmed today that it currently has around 110,000 listed -- around half of those on rival rental service HomeAway. >>

Does that mean that half their rentals are not exclusive, and are listed on both,

or

Does that mean that they list half of their on HomeAway?

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Number of listings on AirBnb == (1/2)*Number of listing on HomeAway

Thanks, that makes the current 1B valuation proposition even more unsettling. Does this suggest that HomeAway has a 2 B dollar valuation?

Well the valuation isn't for the number of listings alone. I would imagine (though I don't, in all honesty, know) that AirBnb has a far steeper upward trajectory than HomeAway at this point.

Apparently, yes:

"HomeAway Prices IPO Between $24 And $27 Per Share, Now Valued At $2 Billion" http://techcrunch.com/2011/06/16/homeaway-prices-ipo-between...

You know how people say you should never use bare "this" or "these" or "those" in your writing? This question shows why, because it leaves ambiguity.

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