Venture-Backed Tujia Acquires Vacation Rental Units From Ctrip And Qunar.Com

Chinese short-term and vacation rental platform International has agreed to acquire the vacation rental businesses of Ctrip and as part of a strategic partnership agreement. will incorporate the rental portfolio, traffic flows and teams of Ctrip's and's vacation rental businesses, further strengthening its market position after it acquired smaller rival Mighty Talent Ltd., also known as Mayi, from Inc. in June.

The companies did not disclose financial terms of the transaction, which is likely structured as a share-swap deal, similar to the Mayi acquisition.

Ctrip has previously invested in Tujia for four times. It injected US$14.6 million, US$36.7 million and US$75 million in Tujia in 2012, 2013 and 2014, respectively.

Ctrip invested in Tujia again in 2015 as part of Tujia's US$...

This news article comes via , who is the copyright owner of this information and news. has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network

You May Also Like