ChengHome's co-founder, Huazhu Hotels contributed to a series A round also backed by The Ascott that will fund the growth of its short-term accommodation listings.
China-based short-term accommodation provider ChengHome Apartment closed a $300m series A round today that included Huazhu Hotels Group, the hotel operator that co-founded the company.
Private equity firm Boyu Capital led the round, which also featured serviced accommodation provider The Ascott, private equity firm YF Capital and CCB International, an investment subsidiary of financial services firm China Construction Bank.
ChengHome was co-founded in 2015 by Huazhu, which was formerly known as China Lodging Group, together with venture capital firm IDG…
