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Business

China's Tujia takes off for Japan amid room-rental boom

Listing site sees opportunity in tourism upsurge, lodging shortage

A room in Kyoto for rent on Tujia.com

TOKYO -- Tujia.com is jumping into Japan's market for short-term rentals as legal hurdles fall by the wayside, courting swelling ranks of tourists amid a shortage of conventional lodging.

The Chinese short-term rental site operator has set up a Tokyo-based subsidiary, capitalized at 5 million yen ($44,500). A website for the Japanese market will be up shortly. The plan is to list 5,000 Japanese properties by 2020. Property owners will be charged service fees equivalent to 3% of the cost of a stay, compared with a steep 12% in China.

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