Quantcast
Destinations Asia

Social travel startups still alive in China, as Mafengwo gets $15 million funding

Excerpt from Technode

Apr 24, 2013 11:46 am

Skift Take

We’ve been aggressive on social travel startups from the beginning, but hybrid transaction-heavy models at scale — like China allows — definitely have a future.

— Rafat Ali

Free Report: The State of Chinese Outbound Market Travel

Free Report: The State of Student Travel

Mafengwo, a Chinese social travel service, has raised $ 15 million series B financing…with existing investor CapitalToday, who invested $ 5 million in last round, and QimingVentures.

With more than one million entries of user-gen travel guides and over five million ratings and reviews, Mafengwo provides travelers with info..on hotels, flights, travel routes, visa, insurance, etc.

In 2012, the platform integrated..booking services including Booking, Agoda, Ctrip, and eLong.

Read the Complete Story →

Tags:

Next Up

More on Skift

Interview: Accor CEO Shares Why Hotels React Slowly to Industry Revolutions
All Videos From the Skift Global Forum Are Now Available For Viewing
How Extended Stay Properties Struggle for Consumer Awareness
Free Webinar: How To Use Twitter To Increase Travel and Tourism