Wednesday, June 22, 2016

Tujia, China’s Airbnb, expands with an acquisition

Tujia raised US$300 million in financing last year and is valued at US$1 billion Luo Jun, founder and CEO of the vacation home rental website Tujia, announced on Wednesday that it would acquire Mayi Duanzu or “Ant Short-Term Rental”, an accommodation platform targeting families traveling within China. By acquiring the subsidiary that used to belong...
The post Tujia, China’s Airbnb, expands with an acquisition appeared first on e27.


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