Beijing-based Chinese short-term vacation home rental platform TuJia.com has raised US$100 million series C financing, according to the Weibo account of Tujia.com’s CEO, Luo Jun.
The lead investor in the round was not disclosed, but seven other investors participated, including venture firms GGV Capital, Lightspeed China Partners, CDH Investments, Qiming Venture Partners, China Broadband Capital, as well as Chinese Internet travel firm Ctrip.com and U.S. vacation rental platform HomeAway Inc.
The company, which is a Chinese version of U.S. vacation home rental website Airbnb.com, previously received series A financing of tens of millions RMB from Lightspeed China Partners, CDH Investments, Ctrip and HomeAway in 2012. It then received series B funding from GGV Capital, Lightspeed, CDH, Qiming and China Broadband Capital. The two rounds totaled US$65 million.
Founded in 2011, TuJia.com provides vacation home rental services in 127 destinations within China, as well as 66 overseas destinations. The total number of vacation homes available on its platform stands at 84,614.
Earlier this week, another Chinese Airbnb-like website XiaoZhu.com received US$15 million series B financing led by Legend Capital.
