‘China’s AirBNB’ Tujia Acquires Rival Mayi

Tujia.com, which is often dubbed the AirBNB of China, has completed a total acquisition of younger rival Mayi.com, announced Tujia on Thursday.

Neither company has released details on how much the deal was worth, or how Mayi will be restructured under Tujia.

One interesting side-effect of the deal is that 58.com, the country’s biggest classifieds platform, will now own a partial stake in Tujia. 58.com previously held a controlling stake in Mayi.com.

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