China's Airbnb Tujia.com to acquire Ctrip and Qunar's homestay business

China's Airbnb Tujia.com to acquire Ctrip and Qunar's homestay business

Tujia.com, dubbed as China’s Airbnb is acquiring Ctrip.com and Qunar.com’s homestay businesses which will later be merged with Tujia, second such acquisition this year by the firm after it bought short-term rental platform Mayi.com this June.

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