State-backed China Investment Corporation (CIC) has subscribed to 10% of a $1bn (£822m) Airbnb funding round, as one of around 40 investors, adding to its stake in companies such as Thames Water and Heathrow Airport.

The latest fundraising was reported to have valued Airbnb at $31bn (£25.4bn), and the list of investors includes Google’s venture capital arm.

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