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Lvyouquan raises RMB120 million

12/11/2014| 11:17:36 AM| ChinaTravelNews 中文

Shanghai-based Pipikou.com recently announced its B2B platform Lvyouquan successfully raised RMB120 million in its latest round of financing.

TravelDaily – Shanghai-based Pipikou.com recently announced its B2B platform Lvyouquan successfully raised RMB120 million in its latest round of financing winning a joint investment from three elite funds – Principle Capital, China AMC and Haitong Securities.

Pipikou.com’s Lvyouquan is a B2B platform that offers product booking, transaction and warranty services for upstream suppliers and downstream travel companies. Using internet technology and products and distribution channels integration, the platform has developed a newer and more efficient distribution model for upstream suppliers. The platform also offers a wide-range of cost-efficient products to downstream travel companies while providing internet- and mobile-based O2O marketing tools for agencies to optimize sales.

The investors said Pipikou.com’s Lvyouquan is a completely open independently operated third-party B2B transaction platform which is rare in a travel industry crowded with offshoots of traditional travel suppliers or semi-open distribution B2B platforms.(Translation by David)

TAGS: Lvyouquan | B2B | platform
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