Chinese home rental service Tujia has announced today US$300 million in series D financing at a valuation of more than $1 billion USD, adding a new title to China’s lengthening list of billion-dollar-valued tech startups. All-Stars Investment led this round with participation from Ascott and existing investors.

The financing will push Tujia’s total funding to over $464 million USD. The site raised a $100 million USD Series C last year after receiving a combined 400 million RMB ($64 million USD) in Series A and Series B from GGV Capital, Lightspeed Venture Partners, CDH Ventures, Qiming Venture Partners, Ctrip and HomeAway.

The new cash is earmarked to help the startup links online and offline resources, improves user experience and expand brand promotion, according to Luo Jun, CEO of the company.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.