China-based holiday home rental portal Zhubaijia has attracted a RMB 500m ($78m) commitment in series C funding from travel services provider HNA Tourism China Money Network reported today.
Established in 2012, Zhubaiji operates a platform for Chinese travellers to rent short-term vacation homes in 60 countries.
HNA’s investment is part of a strategic partnership between the two companies, which will now collaborate to create comprehensive travel services for their customers.
Zhubaijia closed a $31m series B round last month, led by Citic Goldstone Investment Fund, and featuring conglomerate Neway Group Holdings as well as AB Capital and UC Capital.
The company has not revealed details about its series A round. Legend Star, the incubator of conglomerate Legend Holdings, previously made an angel investment of undisclosed size.
HNA Tourism is a subsidiary of conglomerate HNA Group.