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China: No merger for Airbnb & Tujia

By  |  June 5, 2018

Tujia.com, Airbnb’s equivalent in the China market, denied the rumor of a possible merger, stating that the two short-term rental service platforms have not been in any form of contact.

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    In January 2017, Airbnb Inc. negotiated with Tujia, its Chinese competitor, on a possible merger but pulled out at the last minute, as Bloomberg reported. Prior to the rumor last month, Airbnb had already said it does not need any partner in Chinese market.

    In Tujia’s statement, it clarified the company stance, saying Tujia has always had an open attitude toward cooperation with all.

    “In China, we are more than twofolds of the second place company in terms of performance and growth, and certainly not afraid of any competition… We currently do not need to cooperate with any institution in the form of a share exchange,” the company stated.

    Full Content: Pandaily

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