Deals
Airbnb's Chinese Rival Raises $300 Million for Global Jaunt
- Tujia.com gains a valuation of more than $1.5 billion
- The Beijing startup is taking its fight with Airbnb global
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Airbnb’s biggest rival in China, Tujia.com, has raised $300 million to fund a rapid expansion and ride a surge in Chinese families taking holidays around the world.
Online travel giant Ctrip.com International Ltd. and All-Stars Investment Ltd. led a round that valued the company at more than $1.5 billion, it said in a statement confirming an earlier Bloomberg report. That’s up sharply from a valuation of over $1 billion when it last tapped financing in 2015.