• Tujia breaks USD1bn valuation
Tujia, Airbnb’s equivalent in China, has raised USD300m in investment, taking its valuation to over USD1bn. Investors included The Ascott, which separately announced that it was forming a USD40m joint venture with Tujia to operate serviced apartments in China. Hong Kong-based All-Stars Investment, which also has investments in Chinese smartphone maker Xiaomi Inc and taxi
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