Chinese travel management solution provider Z-Trip has closed a fresh financing round, snapping up millions of US dollars, three months after the company’s B round.
Investors of Z-Trip’s latest round included CITIC Capital and Mr Tao Zhang, founder of Meituan-owned local service review platform Dazhong Dianping, who also participated in Z-Trip’s previous funding rounds.
The funds will be put to product R&D, resources aggregation and customer services.
Specializing in end-to-end business travel management platforms, Z-Trip aggregates airlines and hotels services as well as accessing platforms such as Meituan and Qunar, an affiliate of Trip.com Group, for resources.
With an annual growth rate of over 200%, Z-Trip has over 1,500 large and medium enterprises and public companies as its customers. Among them is Fosun International, which has saved nearly 10% in its corporate airfare expenses using Z-Trip’s services.
Stepping into a smart travel management services era, Z-Trip is making efforts to accommodate corporate systems involving OA, ERP, cost control and HR on its platform, enabling one-stop services for customers.