Business, Internet

Chinese Vacation Home Sharing Website Closes Investment

Just weeks after its rival consolidated power with online travel companies and Qunar, has now said it has closed a new round of investment.

Beijing-based short-term vacation home sharing website says it completed a series C+ and D round, raising a total of US$65 million from private equity firm Capital Today, Joy Capital, Bertelsmann Asia Investments and others.

Capital Today led its series C+ round, while Joy Capital and BAI led the series D round, with participation from Morningside ventures, Capital Today and Heyu Capital, the company said in an announcement. also revealed its latest operation numbers. It currently has listings of 100,000 lodging units in 301 cities in China. Active users has increased to nearly 10 million. International last month agreed to acquire the vacation rental businesses of Ctrip and as part of a strategic partnership agreement. In June 2016, completed a share swap to take Ganji's vacation rental platform Mighty Talent Ltd., also known as Mayi, under its wing.

Zhubaijia, a vacation home rental platform backed by HNA Tourism Holding (Group) Co., Ltd. and CITIC GoldStone Investment Fund, completed a listing on China's New Third Board in April 2016.

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