MaiTao, an online service focusing on children learning and traveling experience, has raised RMB 70 million in its B round funding which had Fosun as the lead investor.
Meituan-Dianping kick-started an industrial fund, targeting to invest RMB 3 billion in the consumer sector. The funding sources include Meituan-Dianping, Tencent and New Hope Group.
Travel planning service Utrip has secured a Series A investment round to the tune $4 million from a string of Seattle and Silicon Valley supporters.
Departure Lounge, a non-traditional travel agency, is an upscale meeting place that hosts corporate happy hours, wedding receptions and memorial gatherings.
From one private equity owner to another – OAG has switched from Axio to Vitruvian in a deal in the region of USD 215 million.
Ctrip enlisted female executives including its CEO Ms. Jane Sun to help propel the company's global ambition. But Jane said she plans no huge investment like Skyscanner deal in two years.
Airbnb is projecting it will earn as much as USD 3.5 billion a year by 2020, according to sources close to the company.
House-sharing platform Locals announced that it has raised RMB 50 million in its Pre-A round in which ZhenFund was the lead investor.
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