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

22 mins ago - Health

Axios-Ipsos poll: Fear of voting

Data: Axios/Ipsos poll; Note: ±3.0% margin of error for the total sample; Chart: Andrew Witherspoon/Axios

Democrats are twice as likely as Republicans to worry about in-person voting — with nearly two in three seeing it as a large or moderate risk to their health — according to this week's installment of the Axios-Ipsos Coronavirus Index.

Why it matters: This could pose a significant disadvantage for Joe Biden and other Democratic candidates in November if the pattern holds — especially in states where high infection rates persist, or where there are significant hurdles to mail-in, absentee or early voting.

Trump: Coronavirus is "under control"

President Trump said in an interview with “Axios on HBO” that he thinks the coronavirus is as well-controlled in the U.S. as it can be, despite dramatic surges in new infections over the course of the summer and more than 150,000 American deaths.

  • “They are dying, that's true. And you have — it is what it is. But that doesn't mean we aren't doing everything we can. It's under control as much as you can control it. This is a horrible plague,” he told Axios' Jonathan Swan.
Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5 a.m. ET: 18,295,434 — Total deaths: 694,233 — Total recoveries — 10,926,704Map.
  2. U.S.: Total confirmed cases as of 5 a.m. ET: 4,717,716 — Total deaths: 155,471 — Total recoveries: 1,513,446 — Total tests: 57,543,852Map.
  3. Education — Fauci: Schools can reopen with safeguards, but those in virus hot spots should remain closed
  4. Politics: White House will require staff to undergo randomized testing — Pelosi says Birx "enabled" Trump on misinformation.
  5. Sports: 13 members of St. Louis Cardinals test positive, prompting MLB to cancel Tigers series — Former FDA chief says MLB outbreaks should be warning sign.
  6. 1 🎥 thing: "Tenet" may be the first major film to get a global pandemic release.