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Chinese Airbnb Clone Backed by HomeAway and Ctrip Raises $100 Million

Excerpt from Wall Street Journal

Jun 18, 2014 2:16 pm

Skift Take

When does a site stop being an imitator or clone and start being the site others are compared to? Probably at the $100 million Series C round.

— Jason Clampet

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Tujia.com, a Chinese vacation-rental website similar to Airbnb Inc., has secured $100 million from investors including Lightspeed China Partners, GGV Capital and Qiming Venture Partners, according to Ron Cao, a managing director at Lightspeed China.

CDH Venture, CBC, China Renaissance Capital and U.S.-based HomeAway.com Inc. were some of the other investors in the round. With many of Tujia.com’s existing investors re-upping into the Series C round, only China Renaissance Capital, also known as Huaxing, was a new investor.

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