Deals

China’s Airbnb Valued at More Than $1 Billion After Funding

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Lulu Yilun Chen and Edwin Chan

August 3, 2015 at 12:00 AM UTC

Updated on

August 3, 2015 at 2:26 AM UTC

This article is for subscribers only.

Tujia.com has raised $300 million at a valuation of more than $1 billion, as the Chinese vacation rentals site often compared with Airbnb Inc. pursues financing to bankroll a global expansion.

All-Stars Investment Ltd. led the latest round of financing, the startup said in a statement on Monday. The Chinese investment firm also backs smartphone maker Xiaomi Corp.