Tujia, China's Airbnb, has raised $300 million at a valuation of more than $1 billion led by All-Stars Investments. With currently 300K listed properties, the company is focused on expanding its services into Asian destinations popular with Chinese travelers, with target markets include Thailand, Indonesia, South Korea, Taiwan and Hong Kong. Tujia has faced less regulatory hurdles as it pays hotel levies as well as taxes on the rental income on behalf of property owners.