New Acquisitions by Tujia, Airbnb’s China Rival, Hint at Its Larger Ambitions
Photo Credit: A weekly home rental page from Tujia.com. The Chinese home sharing platform is worth an estimated $1 billion. Tujia.com / Tujia
Skift Take
If we were Airbnb, we'd be paying very close attention to this latest news.
On Oct. 20, Tujia, often referred to as the "Airbnb of China," said it had acquired the home sharing businesses of Ctrip and Qunar for an undisclosed sum, just months after buying rival short-term rental platform Mayi in June.
In a statement, Tujia co-founder and CEO Justin Luo was noted as saying the deal was meant to give Tujia users "a better user experience" through more choices and better services for guests, as well as a single platform for hosts. That same release also hinted that "more M&A" may be coming to complete the industry chain."
Prior to this acquisition, Tujia, which is valued at $1 bill
