Airbnb's Chinese rival raises $300 mn at $1.5 bn valuation
Airbnb's Chinese rival Tujia on Tuesday announced it has raised $300 million in a funding round led by Chinese travel agent Ctrip, and All-Stars Investment. The funding round which valued the short-term property rental startup at over $1.5 billion, also saw participation from G Street Capital. Founded in 2011, Tujia has over 6,50,000 online listings globally.