In recent years, tourism has taken off in a big way in China propelled by rising disposable incomes and government support to the sector. Riding this boom is Tujia, an online holiday rentals website. Tujia, which was founded in 2011, is often called China’s Airbnb because it has a similar model: of connecting home owners with travelers looking for a place to stay. Warren Wang, who has a fruitful experiences in finance, accounting, internal control and capital market will shed us light on how in just about four years since its launch, this sharing economy company has already reached a valuation of more than $1 billion, and it has attracted investments from the likes of LightSpeed Venture Partners, GGV Capital and All-Stars Investment as well as travel industry players like Ascott, HomeAway and Ctrip.
· In China the tourism boom has encouraged other companies like Maiyi and Xiaozhu to enter this segment. How do you rank vis-à-vis local rivals as well as Airbnb’s China operations?
· Managing partnerships – How do you work with each of your partners apart from the investment?
How do you gain acceptance with the Chinese consumer, how it is different from Airbnb and what is the rationale behind the global expansion?