Tujia operates an online booking marketplace for short-term alternative accommodations and competes directly with Airbnb in China. The company separated its online booking business from its offline unit earlier this year. CEO Luo Jun says the firm will use new capital to standardize elements of its accommodations—such as linen washing, cleanliness, and smart capabilities—and to invest in the domestic high-end real estate market and overseas expansion. Tujia reports 180 million downloads, several hundred thousand daily booking inquiries, coverage of 345 destinations in China and more than 1,000 overseas via partnerships, and about 650,000 listings. The company has pursued M&A, acquiring rival Mayi.com in June.

Total raised

$300M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2017