Airbnb Rival Xiaozhu Raises $120 Million: Travel Startup Funding This Week
Skift Take
The moneyed set looked East this week as China had its second travel unicorn, Xiaozhu, receive a billion-dollar valuation, following in the footsteps of its rival, Tujia, China's first travel unicorn. Meanwhile, Ctrip bought Trip.com
Each week we round up travel startups that have recently received or announced funding. The total raised this week was more than $201 million.
Earlier this week, GetYourGuide, the tours and activities marketplace, raised a $75 million round led by Battery Ventures, as the company shifted the emphasis of its pitch from striving to be the largest database of activities to becoming a mobile travel companion that offers recommendations based on deep tech.
Also earlier this week, China's large
