Elite corporate travel online club Flytea raises A Series financing
Flyertea, which provides corporate travelers hotel, flight and credit card information and travel solutions, received an A Series investment from Stone Capital.
Social networking site Flyertea, which provides corporate travelers hotel, flight and credit card information and travel solutions, has received an investment from Stone Capital in its A Series financing round.
The financing will help Flyertea enter a new level of development, and its membership of registered users is expected to grow from almost 140,000 currently to 200,000 within the next two years. It will also formulate a new series of strategic goals that go beyond just satisfying its members’ social interaction needs. The platform will be transformed into a one-stop travel solutions platform that provides its frequent-traveler members more comprehensive services.
The majority of Flyertea’s users are professionals in high-growth fields such as IT, finance, law and consulting, and are mainly in the age group of 30-40. Flyertea claims its members are all luxury hotel VIP membership holders and are the cream of China’s business travelers. (Translation by David)