The Ctrip and Homeaway-backed home rental marketplace took its funding above the $460m mark with a series D round featuring The Ascott.

China-based home rental platform Tujia.com has raised $300m in series D funding from investors including online travel agency Ctrip, the Wall Street Journal reported yesterday.

Investment fund All-Stars Investment led the round, which included serviced apartment manager The Ascott and undisclosed existing investors, according to people familiar with the situation. It valued Tujia at $1bn.

Often described as ‘China’s Airbnb’, Tujia’s platform enables users to rent out their homes to visitors who book online. It provides verification photos, and makes…

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