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Airbnb's China rival Tujia seeks US$300m

Money to go towards expanding products and properties in China and abroad; business to also split into 2 companies

Published Mon, May 1, 2017 · 09:50 PM

Beijing

AIRBNB Inc's Chinese rival Tujia is in talks to raise more than US$300 million, putting pressure on the US home-sharing startup less than a month after it officially debuted in the country.

Tujia Holdings is one of China's biggest platforms for property owners seeking to turn their homes into temporary lodgings. It has 400,000 listings plus another 300,000 on its low-cost platform Mayi, as well as mor…