Quantcast
Rooms Rentals & Shares

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

Come Attend the Best Conference in Travel

Free Report: The Megatrends Defining Travel in 2015


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.

More About Tujia:

Read the Complete Story →

Tags: , , ,

Next Up

More on Skift

5 Things That the TSA Can Improve With New Leadership
Stronger Dollar Gives U.S. Business Travelers More Foreign Travel Opportunities
Could Airbus’ Bizarre New Double Decker Be the Plane of the Future?
Hotel Vs. Brand Websites: SEO Friends or Foes?