Airbnb Nearly Merged With Chinese Rival Tujia in 2017

Airbnb Inc.’s founders were moments away from merging their China business with local competitor Tujia in January 2017. Executives and investors spent hours hashing out a deal. Preliminary term sheets were drawn up. Then in the final hour of negotiations, Airbnb pulled out. Investors had hoped a truce would stop the companies from hemorrhaging money in the fight … Continue reading Airbnb Nearly Merged With Chinese Rival Tujia in 2017