HONG KONG (Reuters) – Tujia, a Chinese vacation rental company similar to home rental firm Airbnb Inc, said on Monday it had raised $300 million from a group of investors to expand its business overseas, increase marketing and offer new products.
The deal values Tujia at more than $1 billion, the Chinese company added without disclosing the size of the stake the investors bought. By comparison, Airbnb, which operates around the world, is valued at $20 billion. Continue reading “China’s Airbnb-like Tujia raised $300 million to expand overseas”
