China’s Apartment Rental Website, Secures $100M Investment.


China’s Apartment Rental Website, Secures $100M Investment.

China-based tourism website known as has recently announced that it has manage to secure over US$100 million durin its third round of financial funding.


Initially founded during 2011,, is somewhat similar to that of, the California-based apartment-sharing website. has been estimated to be valued around US$10 billion.

Tujia manage to receive its investments during this round from GGV Capital, Lightspeed China Partners, CDH Investments, Qiming Venture Partners, China Boardband Capital Partner,  and, stated CEO of Tujia, Lou Jun.

Luo did not elaborate on what Tujia was valued at, but it has manage to soar four times since the second round of fundraising. In February last year, received investment of up to 400 million yuan.

Tujia has no plans to go public, Luo said. “ is a completely independent company,” he said.

“The investors are interested in Tujia because they think it will be a big part of the future of online tourism”, Luo said.

“China has the largest supply of homes in the world and a rapidly increasing group of tourists,” he said. “Considering these two factors and the popularity of the Internet, will have a bright future.”


A total of one-fifth of the country’s apartments were vacant during the previous,stated a report gathered from a research center based at the Southwestern University of Finance and Economics in Chengdu. Not including brand new homes, a total of over 48.98 million apartments were available for rent and sale.

Tujia covers more than 120 tourism destinations and offers more than 80,000 homes, Luo said. The apartments it offers for rent are listed by developers, homeowners, other companies and even local governments.

One of the key differences between Tujia and Airbnb is that it manages some of the apartments that are offered and handles decorate along with cleaning as well.

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Kevin C is passionate for tech world wide. He was apart of Qbox media and currently is apart of a UX firm based in Hong Kong.

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