Vincent Yu / AP

Chinese vacation rental service Tujia has raised $300 million in new funding led by Ctrip and All-Stars Investment, valuing the company at $1.5 billion.

Why it matters: Airbnb has been doubling its China investment and quadrupling its engineering team, but the country had proven nearly impossible for U.S. consumer tech companies to crack, especially when facing local rivals like Truja (e.g., Uber and Didi Chuxing).

Next: The Airbnb-Tujia rivalry also will go beyond China, into nearby markets like Japan, where Tujia plans to increase its market size, according to Bloomberg.

Go deeper: It's not entirely clear yet whether Airbnb is suited to China's market and customs—or whether it'll adapt. Tech in Asia and WSJ explain the differences..

Go deeper

Bryan Walsh, author of Future
55 mins ago - Health

Rockefeller Foundation commits $1 billion for COVID-19 recovery

A health worker performs a COVID-19 test in New Delhi. Photo: Raj K Raj/Hindustan Times via Getty Images

The Rockefeller Foundation announced on Monday that it will allocate $1 billion over the next three years to address the pandemic and its aftermath.

Why it matters: The mishandled pandemic and the effects of climate change threaten to reverse global progress and push more than 100 million people into poverty around the world. Governments and big NGOs need to ensure that the COVID-19 recovery reaches everyone who needs it.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk — Mark Meadows: "We are not going to control the pandemic"
  2. Health: 13 states set single-day coronavirus case records last week — U.S. reports over 80,000 new cases for second consecutive day.
  3. World: Italy tightens restrictions Spain declares new state of emergency.
  4. Media: Fox News president and several hosts advised to quarantine after possible COVID-19 exposure

Fox News president and several hosts advised to quarantine in COVID-19 precaution

A political display is posted on the outside of the Fox News headquarters on 6th Avenue in New York City in July. Photo: Timothy A. Clary/AFP via Getty Images

Fox News President Jay Wallace and anchors Bret Baier and Martha MacCallum are among those recommended to get tested and quarantine after possible exposure to COVID-19, the New York Times first reported Sunday night.

The big picture: The Fox News contingent, which also included "The Five" show hosts Juan Williams and Dana Perino, were on a charter flight from Nashville to New York following Thursday's presidential debate with a person who later tested positive for the coronavirus.