Tujia, China’s largest domestic rival to online home-rental platform Airbnb, raised $300 million in financing as it bulks up for battle with its U. S. competitor and looks to further tap big-spending Chinese tourists overseas.
SHANGHAI—Tujia.com, China’s largest domestic rival to online home-rental platform Airbnb Inc., raised $300 million in financing as it bulks up for battle with its U. S. competitor and looks to further tap big-spending Chinese tourists overseas.
The new funding round, which values Tujia at $1.5 billion, was led by China’s largest travel portal Ctrip.
