Asia Awards: VC Deal of the Year – Tujia
Lightspeed China likes disruptive business models that build up traction online and then use the momentum to gain a foothold offline as well. This has worked to good effect with Meilele, an online furniture retailer that now has a network of 200 offline stores. Ron Cao, Lightspeed’s co-founder, looks at vacation homes rental service Tujia in a similar way.
"One is selling furniture and the other is selling services but they are very similar in terms of the offline user experience, the complete consumer experience," he says. Lightspeed came across Tujia...
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