Quantcast
Digital Booking Sites

Chinese vacation rental site gets big funding, totals $64 million

Excerpt from TechInAsia

Feb 18, 2013 9:05 am

Skift Take

Everything in China requires big money to scale, to the big scale that the country demands. Tujia is clearly on that path, and HomeAway was smart to partner and then invest.

— Rafat Ali

Free Report: The State of Chinese Outbound Market Travel

Free Report: The State of Student Travel

After attracting its first major financing in May of last year, the Chinese vacation home rentals startup TuJia has announced today that it has wrapped up series B funding. The startup had not previously revealed financial numbers, but today said that both rounds amounted to RMB 400 million (US$63.7 million) in investment.

TuJia’s series B saw participation from an all-star array of investors: GGV Capital, Lightspeed Venture Partners, CDH Ventures, and Qiming Venture Partners. Plus, China’s biggest travel booking site, Ctrip, contributed funds, along with America’s HomeAway – as both did in the last round.

Read the Complete Story →

Tags: ,

Next Up

More on Skift

Baby Boomers Ready To Take More Trips in 2015
12 Digital Travel Trends We’re Tracking at Skift This Week
Daily Travel Startup Watch: Localers, Homeview Adventures and More
Free Webinar: How To Use Twitter To Increase Travel and Tourism