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Airbnb’s major China rival Tujia raises $300M more at a $1.5B valuation

 Airbnb finally got serious about the Chinese market this year, and now its chief rival in the country — Tujia — has tapped investors for $300 million more to sharpen its focus on global markets.
The new funding values Tujia at $1.5 billion, the startup confirmed. That’s a big jump on the $1 billion it commanded when it last raised in 2015, but the company is going to the… Read More

This post is from TechCrunch. Click here to read the full text

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