Shanghai-based online apartment service provider mamahome announced on September 6 it has completed its A-round funding, with City Developments Limited (CDL) making a strategic investment in the company.
Mamahome, co-founded by service apartment operator Chongfu Investment and E-house China, has already integrated Chongfu Investment-owned brands, including Suisse Place, Locca and Login, and their websites.
Targeting large corporate travel market, mamahome mainly offers serviced apartments, corporate service and supply chain service.
Mamahome, which has positioned itself as “the accommodation solution provider for corporate travelers” since its establishment, has cooperated with hundreds of Chinese TMCs the likes of Jin Yan Travel, Shuo Feng Travel and HotelGG to provide accommodation for business travelers in first-tier cities such as Jiangsu, Zhejiang, Shanghai, Beijing, Guangzhou and Shenzheng, and it plans to further expand the market. (Translated by Claire)
