The $1bn Alphabet-backed series F round recently closed by Airbnb reportedly included a $100m investment by sovereign wealth fund China Investment Corp.
Chinese sovereign wealth fund China Investment Corp (CIC) has invested $100m in US-based short-term accommodation platform Airbnb, China Money Network reported yesterday, citing local media.
CIC provided the funding as part of the $1bn series F round Airbnb closed last week. CapitalG, the growth equity arm of internet and technology conglomerate Alphabet, reportedly also invested in the round, as did Technology Crossover Ventures and 37 others.
Founded in 2008, Airbnb operates a peer-to-peer accommodation marketplace that lists more than…
