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Whatâs it Tujia?
[The Hustle]( Wed, Oct 11
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Airbnbâs Chinese rival is doing big thingsÂ
Tujia, often described as the âAirbnb of China,â has just raised a [$300m round]( placing its valuation at $1.5B. The company will use its new funds to launch a domestic and global expansion effort.
To date, [Tujia]( has accrued 180m downloads and 650k listings in 345 destinations across China, crushing Airbnbâs [100k China listings](.
The siteâs growth doesnât bode well for Airbnb, which, in recent years, has quadrupled its tech team in Asia, and launched a manic, mildly unsuccessful effort to convince Chinese people to use their service.
What is Tujia, again?
The company was founded in 2011 by [Melissa Yang]( an ex-Microsoft employee who previously started and sold a vacation rental software company to Airbnb rival, HomeAway, for $10m.
Tujia grew quickly and was a certified tech unicorn ($1B valuation) by 2015.
Despite the Airbnb comparisons, Yang has [insisted]( her company is ânot copying anyone's business model." Many residents in China donât have any extra room in their dwellings, so the service focuses on the countryâs 50m vacant rental units instead of home sharing.
They are a lot more hands-on than Airbnb, partnering with an entourage of developers, cleaning services, and property groups to help owners manage their listings.
Airbnb kinda doesnât jive with Chinese culture
Cheskyâs company rolled into China with a bang in 2015 but has been pretty slow getting the hang of things.
Aside from struggling to adjust to Chinaâs different set of cultural norms re: sharing homes with strangers, Chinese consumers have also been critical of Airbnbâs [recent effort]( to rename itself âAibiyingâ (translation: âwelcome each other with loveâ) in China -- which convinced Chinese people it was either a brothel or a hippie commune.
Itâs pretty hard to penetrate China
The fast-growing country is a holy grail for American tech companies looking to expand their markets. But the yanks have been met with a lot of resistance.
[Google]( has spent years trying to dismantle Baidu, [Amazon]( canât seem to top Alibaba, and [Facebook]( (which is banned there) must watch from afar as WeChat controls the market.
A big fish in a big pond
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Californiaâs $50B wine industry is ablaze
Since Sunday night, at least [17 separate fires]( have ravaged 115k acres of land in Northern Californiaâs wine country. At least 15 people are dead, and hundreds more are hospitalized or missing,Â
Like most disasters of this scale, the fires also come with a massive economic toll: more than 2k houses, resorts, and vineyards have been destroyed -- and thatâs sure to have an impact on the areaâs wine industry.
The epicenter of Americaâs wine
The affected areas of Napa, Sonoma, and Santa Rosa are world-renowned for their wines and are dotted with more than 475 wineries and 34 grape varietals.
Collectively, these vineyards [contribute]( $13B-per-year to the local economy, and more than $50B-per-year to the US economy -- and employ 46k people.
What we know so far
At this point, itâs difficult to tell how many facilities have been affected, but at least [8 wineries]( -- some large, some small -- have been severely damaged or destroyed, including one of Napaâs oldest, White Rock Vineyards.
The fires came right in the waning days of harvest season, and 90% of grapes have already been harvested. But the damage is likely to have a long-term impact on many of the regionâs biggest producers.
If youâd like to help out the residents affected, [this spreadsheet]( breaks down what victims currently need. You can also donate to [this GoFundMe campaign]( organized by a verified local winery owner.
[Lend a hand](
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Amazon wants to get in your trunks
The lord of ecommerce is reportedly in talks to partner with [Phrame]( a maker of a âsmartâ license plate frame that serves as a storage-box for car keys. The tech would allow delivery drivers access to your carâs trunk so packages can be [securely left behind](.
But wait! Thereâs more! Amazon is also developing a smart doorbell device that could give delivery drivers one-time access to a personâs home to drop off a package.
Neither Amazon nor Phrame have confirmed this yetâ¦
But the timing does seem right: last month, their arch nemesis, Walmart, announced they were working on the same concept with smart home technology company, August.Â
Walmartâs move is geared towards the delivery of groceries -- but letâs be honest: like Amazon, they want it all.
Somethingâs gotta give (or maybe it doesnât)
Lost and stolen packages are a huge problem for delivery services, and as per usual, Amazon wants to change the status quo.
According to Bloomberg, Amazon has also been testing a new delivery service that could reduce overcrowding in its factory warehouses by bringing two-day Prime shipping to more of its products.Â
While weâre not sure how to feel about the olâ home invasion method, these reports suggest Amazon is doubling down on refining the intricate issues of the industry-wide delivery process.
And also, cuz, like, Walmartâs doing it. Sooooo.
[Someoneâs in the house](
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Ex Starbucks CEO is hitting the road, but deeefinitely not to run for officeâ¦Â
Howard Schultz has been traveling around the U.S. recently, visiting places like Charlottesville (penning an [op-ed]( on the tragedy) and Houston after Hurricane Katrina.
And while he claims heâs mainly focused on combating the âfalse narrativeâ surrounding America, his travels have been largely speculated as a primer for a 2020 presidential run -- and heâs offered up some pretty weak [denials]( about it to the media.Â
But to be clear, he is denying it
In a recent interview with CBS, he claimed he also wants to help promote the upcoming season of his online series Upstanders, a show that highlights stories of âcourage and humanityâ across the country.
âIâm not running for president, but the narrative that Iâd like to try and elevate [while traveling] is the fact that our society needs to be reminded that Washington does not define our behavior,â Schultz says.Â
He thinks America is wayyy better than the way itâs being portrayedÂ
He believes the showâs main goal, as well as his own, is to encapsulate the sense of âhumanity, compassion, and empathyâ displayed every day in the U.S., not to âchange behavior in Washington.â
Which is super great and all, Howard, but, still⦠kinda seems like youâre laying the groundwork for 2020.
[Life, liberty, and the pursuit of lattes](
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sh*t, i'm f*cked
Sh*t, Iâm F*cked is a Hustle series where we ask entrepreneurs about a moment when they felt completely screwed. This weekâs edition is with Payal Kadakia, founder and exec chairman of ClassPass, a fitness subscription service valued at more than $500m.
Payal Kadakia has spent her whole life âchecking off boxes.â
She went to MIT. She landed a high-paying consulting gig at Bain. She started her own dance company and performed in front of sold-out crowds across the US. And then, she founded [ClassPass]( â a fitness subscription service thatâs raised $173m and been hailed as the ânext Uber.â Today, sheâs one of the most prominent women in tech.
What you donât often hear about are Payalâs failures and struggles. Like anyone else, sheâs had her share of them.
There was the night in 2012 when she was maced in the face at a Starbucks, a few weeks before pitching her idea for ClassPass. There were the repeated rejections from VCs. There was the continued cultural pressure from her traditional Indian family over abandoning structure and early marriage for risk-taking and unconventionality.
But one of the hardest things for her to go through was ["stepping down"]( as CEO of the company she founded and handing off the reins to one of her investors, Fritz Lanman.
âFrom an internal perspective, it was a terrific decisionâ she tells us. âBut externally, it was a bit tough. The one thing on my mind was I wanted to make sure women knew they could be powerful, regardless of their titleâ¦
[Read the rest of her story â](
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This edition of The Hustle was brought to you by
âForget cooking shrimp and gritsâ
Thatâs [Sean Brock]( an award winning owner of 3 restaurants, whoâs made a name for himself cooking some of the best revival food the South has to offer. So whatâs got him thinking beyond his delicious dishes??
The major drinking problem in the restaurant industry.
The high-stress demands of working in restaurants mean nearly 1 in 5 food service workers have problems with substance abuse -- and when Seanâs drinking reached the point where his line cooks coined the term âgetting Brocked,â he knew he had to take a step back.
Seanâs now sober, 20lbs lighter, and practices daily meditation. Heâs also [helping others]( in the industry find healthy ways of dealing with their stress instead of coping with alcohol.
Seanâs a role model, not a male model
Seanâs selfless improvement is exactly the kind of attitude Bonobos is celebrating in their â[Role Models, Not Male Models]( campaign.
Bonobos knows [people like Sean]( have bigger and better things to do than try to reach the airbrushed-magazine look of male models, so theyâre showcasing the different paths people take to become the best versions of themselves.
Look and feel like the real you â and hear more about these [amazing role models](. Head over to [Bonobos]( where real human beings are always in fashion.
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