Posted inChina

Chinese Airbnb rival Tujia raises $300m, valued at over $1.5b

Tujia.com, China’s biggest short-term property rental firm, said on Tuesday it had raised US$300 million from investors, valuing it at more than US$1.5 billion as it looks to tap growing demand from Chinese tourists for independent travel. The investment round was led by Chinese travel agent Ctrip.com International Ltd and All-Stars Investment, while China Renaissance’s […]