Didi proposed to set up a new board of directors that consisted of five members, four of which were divided between itself and other investors, while leaving one position to Ofo's founders.
According to Vacasa, the deal moves the Portland-based business ahead of Wyndham Vacation Rentals as the largest vacation rental company in North America with 10,600 properties.
Jack Ma’s Yunfeng Capital and AdvanTech Capital were the lead investors, while GIC Private, Joy Capital, Morningside Venture Capital and Capital Today also joined the investment.
SIMTrip is involved in the research and development of cross-border communications data technology. As of August, it has achieved over RMB 70 million in turnover, an increase of 130% year-on-year.
The target for the fund, which has already invested USD 10 million in unnamed startups, is to have backed around 15 businesses within two years.
It bought Acteavo in 2015, Myobis in 2016 and DigiTickets this April.
Travel Appeal raised funding of €700,000 last year from three international investors after being originally backed by innovation hub H-FARM with a pre-seed investment of €250,000.
It has more than tripled its revenue and grown its customer base to more than 500 travel and tourism brands in 24 countries since its $2 million seed funding in 2016.
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