Trip.com and All-Stars Investment led a $300m funding round in Tujia.

Trip.com, a Chinese multinational online travel company, and All-Stars Investment, a specialized hybrid fund, led a $300m funding round in Tujia, an online vacation rental services provider, with participation from China Renaissance Holdings, Glade Brook and G Street Capital. “We see significant growth in China’s online short term rental market and expect it to reach similar penetration levels of accommodations bookings as in the US and Europe,” Paul Hudson, Glade Brook Founder and CEO.