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Chengjia Apartment – also known as CJIA – is an accommodation rental service provider. The company is a subsidiary of the Huazhu Hotel Group, a Chinese hotel management company. Huazhu Hotel Group co-founded the company with IDG Capital, the venture capital firm headquartered in Boston. The company is based in Shanghai, China.
Chengjia Apartment provides properties for rent to customers who are seeking both short-term and long-term stay in Chinese cities. These properties range from apartments, homestays, and hotels. The minimum time for a short-term stay in Chengjia Apartment is one day, while the longest is 12 months. As of September 2019, Chengjia has operated more than 20,000 rooms in cities such as Shanghai, Beijing, Guangzhou, and Shenzhen.
Since 2017, Chengjia Apartment has received a capital of $350 million from two funding rounds. The company recently raised $300 million in September 2019 for its Series A round. Past investors who have financed the company were CCB International, Boyu Capital, IDG Capital, and YF Capital.
