Tujia, often referred to as the “Airbnb of China,” has acquired the home sharing businesses of Ctrip and Qunar for an undisclosed sum, offering more choices and better services for guests as well as a single platform for hosts.
Earlier this summer it bought rival short-term rental platform Mayi, and is hinting at further mergers and acquisitions, not only across China but the greater Asia-Pacific region as a whole. It is also a signal to Airbnb and other home-sharing platforms looking to expand in China that it is no longer new territory.
An announced five-year plan is to build the Tijia ecosystem on- and off-line, incuding pre-real estate development, commercial apartment rentals and host management, as well as serviced apartments and peer-to-peer rentals. Offline businesses are the self-managed homestay brand Sweetome and Tu Villa.