China's Sweetome acquires Airbnb, Trip.com-backed vacation rental startups

China's Sweetome acquires Airbnb, Trip.com-backed vacation rental startups

Photo: Unsplash

Sweetome Group, a shared accommodation operation spin-off from Chinese online short-term lodging rental unicorn Tujia.com, has bought out 100 per cent shares in two domestic vacation rental startups, CityHome and iYOUJIA.com, representing the latest acquisitions to promote a further consolidation in the country’s burgeoning home rental market.

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