Zhihui’s message on June 22nd，Luo Jun, co-founder and CEO of Tujia, confirmed via internal email today，Tujia and Ant Short-Term 188bet online live casino have reached a strategic merger agreement，And the corresponding capital transaction has been completed。Email content display，Ant Short-Term 188bet online live casino will become a wholly-owned subsidiary of Tujia，58 Group, the original controlling shareholder of Ant Short-Term 188bet online live casino, has therefore become a new shareholder of Tujia。After merger，Ant 188bet online live casino and Tujia will continue to maintain their brand and operational independence，The core team structure remains unchanged。This merger and acquisition transaction，China Renaissance serves as the exclusive financial advisor。

Screenshot of internal email sent by 188bet online live casino co-founder and CEO Luo Jun to all employees

2011，Tujia and Ant Short-term 188bet online live casino saw the huge prospects of the sharing economy almost at the same time，Successively established and completed the platform launch。Tujia is positioned as a global apartment and homestay booking platform，The current number of online properties has exceeded 410,000 units，More than 800,000 housing units in reserve，Covering 329 domestic destinations and 1085 overseas destinations。

According to Zhihui’s understanding，As the only short-term 188bet online live casino company in China that has entered the ranks of unicorns，Tujia has raised funds very quickly since its establishment。Completed Series A financing in May 2012，Completed Series B financing in February 2013，The first two rounds of financing totaled 400 million yuan，The investors are GGV Capital、Lightspeed Anzhen、CDH Investment、Qiming Venture Partners、Broadband Capital、Ctrip and HomeAway；June 2014，Tujia announces Series C financing，Financing US0 million，Every investor in the first two rounds followed up on investment。

August 2015，188bet online live casino announced the completion of D and D+ rounds of financing，New round of financing of US0 million，Valuation exceeds 1 billion US dollars，Officially entered the club known as the "Unicorn"。This round of investment was led by All-Stars Investment，Ascott, the world’s largest owner and operator of international serviced apartments, and existing investors also participated in the investment。

Ant Short-term 188bet online live casino is the leading online short-term 188bet online live casino platform in China，In more than 300 cities and tourist destinations in China，Expanded more than 300,000 housing units。

According to Zhihui’s understanding，Ant Short-term 188bet online live casino is a new short-term 188bet online live casino platform built by Ganji.com with an investment of 20 million US dollars，The platform was officially launched in November 2011，Responsible by the two top executives of Ganji.com, Chen Chi and Wang Liantao；

Chen Chi and Wang Liantao resigned at the same time in June 2012，And jointly started a business to launch Xiaozhu short-term 188bet online live casino；Same year，Zhai Guanglong, a founding team member of Meituan, serves as CEO of Ant Short-term 188bet online live casino；

January 2013，Ganji.com announced，Subsidiary short-term 188bet online live casino website Ant Short-term 188bet online live casino obtains advantage capital，Lanchi Venture Capital，Sequoia Capital nearly US million in Series A financing，Advantage Capital led the investment；Announced simultaneously，Ant Short-term 188bet online live casino is officially split from Ganji.com。Zhai Guanglong, then CEO of Ant Short-Term 188bet online live casino, left his job to start a business in 2014；Currently，Shen Zhiqiang is the CEO of Ant Short-term 188bet online live casino。

Tujia’s official announcement，Both companies “are committed to providing consumers with rich and high-quality products、More family atmosphere、A more cost-effective travel and accommodation experience，At the same time, more people can share their vacant houses with travelers from all over the world，Get income，Make friends。Today，Tujia and Ant Short-term 188bet online live casino have stood out，Become a leader in their respective fields，Promoted the vigorous development of the industry。”

According to the latest user survey from a third-party research agency，The brand awareness of Tujia and Ant Short-term 188bet online live casino is both above 40%，Leading the industry。Therefore，This strategic merger is also regarded as a strong cooperation，A milestone event in the accommodation sharing industry，This move will promote this industry to be noticed by more users，Attract more institutions and professional talents to join this emerging hot industry。

About the division of labor between the two parties after the merger，Tujia’s official announcement，“Tujia will continue to focus on building a global apartment and homestay booking platform that Chinese people love，Provide new accommodation methods for users’ travel and vacation，Meet personalized needs；Ant Short-term 188bet online live casino is the leader in domestic online short-term 188bet online live casino，Continue to focus on short-term 188bet online live casino booking services，Meet users’ various short-term 188bet online live casino and transitional accommodation needs，Significant increase through investment，Achieve rapid growth and better user experience。Without a doubt，This is a landmark strategic cooperation in the field of accommodation sharing in China。We are convinced，The great era of China’s sharing economy has just begun，This time we work together，Will definitely create a more exciting future。”

Ant 188bet online live casino CEO Shen Zhiqiang said through an internal email: "Ant 188bet online live casino will join the Tujia family，As an independent brand, the current Ant short-term 188bet online live casino team will continue to be responsible for independent operations。At the same time, 58 Group, the original major shareholder of Ant Short-term 188bet online live casino, will become a shareholder of Tujia，Continue to provide more traffic and resources to support the development of Ant Short-term 188bet online live casino。From the same understanding of the industry and the mutual appreciation of the two teams，We come together。We judge short-term 188bet online live casino、The homestay sharing industry is approaching an explosion period，As an industry leader, we hope to join forces，Use the resources and brand advantages of both parties，Be able to better serve tenants and landlords。”

Luo Jun, co-founder and CEO of Tujia, said: "Tujia is not a business，But in an industry。The accommodation sharing market is a rapidly growing market，It will grow into a trillion-level market in the future，The sharing economy with accommodation as the entrance will profoundly change people’s travel lifestyle and attitude。The Ant Short-term 188bet online live casino team is led by Mr. Shen，Grown rapidly and achieved a leading position in the short-term 188bet online live casino market in just a few years，Whether it is housing expansion、Area coverage、Operation management and brand reputation are obvious to all，I believe that cooperation with Tujia will create a more exciting future。The successful completion of this merger，The capital market is verified again、Shareholders for Tujia、Great confidence in Ant short-term 188bet online live casino and the entire accommodation sharing industry。”

58 Group CEO Yao Jinbo said: “The sharing economy has actually become a hot topic，National supportive policies continue to be introduced，Both Tujia and Ant Short-term 188bet online live casino have made long-term explorations，I look forward to seeing the chemical reaction after their integration。Meanwhile，58 is also actively exploring innovative business models in the sharing economy，Deepen layout based on platform advantages。On resources，58 will work with other shareholders to provide continued support。We believe，The strong alliance between the two companies，Will create a new era of accommodation sharing market。”

This strategic cooperation between Tujia and Ant Short-term 188bet online live casino，Once again verified that accommodation sharing, one of the hottest market segments of the sharing economy, has come to the forefront before the outbreak，The impetus brought to the industry after the integration of both parties is worthy of the industry's expectations。