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Chinese Package Tour Booking Site Tuniu Raises $60 Million

Excerpt from Tech in Asia

Sep 06, 2013 8:12 am

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Tuniu’s seven-year track record made the raise easier, and will give the site the backing it needs to take on the Ctrip booking behemoth.

— Jason Clampet

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Tuniu, a travel/tours booking site based in China, has revealed today that it’s secured $60 million in series D funding. The new investment is led by Singapore’s Temasek and US-based DCM.

Rather differently from most travel e-commerce companies in China that concentrate on hotel or flight bookings, Tuniu focuses on tour packages, cruises, driving holidays, daytrips, and company outings. As Tuniu CEO Donald Yu explained to us last year: “Simply put, we don’t focus on travel, but rather tourism.”

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