Chinese Package Tour Booking Site Tuniu Raises $60 Million
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.
Excerpt from Tech in Asia
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.”