Huazhu Hotels has co-led a funding round with IDG Capital, two years after the two co-founded the apartment rental service.

China-based flat rental platform Chengjia Apartment has received $50m in a pre-series A round co-led by hotel management group Huazhu Hotels and venture capital group IDG Capital, China Money Network reported yesterday.

Chengjia Apartment was co-founded in 2015 by Huazhu and IDG Capital. It enables users to rent apartments ranging from budget to luxury homes, for short or long-term periods.

The company has partnered some 50 property management firms across cities in China, offering a total of more than 5,000…