Social travel startups still alive in China, as Mafengwo gets $15 million funding
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.
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.
Up Next
Hotels
How Data Quality Issues Impact Global Hospitality Operations
There are wide discrepancies in data quality for hotel transactions across global regions, with the largest occurring in Asia-Pacific. Because hotels and agencies need to harness data quality to thrive, they must take a more nuanced regional approach to monitoring potential issues.
Sponsored 
Tourism
The White Lotus Effect Could Be a Disaster for Thailand's Koh Samui - And Travel Media Is Making it Worse
It is disheartening to see the same publications that have previously reported on the perils of overtourism now behaving like golden retrievers chasing a tennis ball, sprinting after the hype with little critical reflection.
Startups
Travel Startups Raise $580 Million Over Two Weeks
The ticket experiences sector has been ripe for modernization, and Klook is among those cashing in.
Airlines
Tariffs and Travel: What Trump’s Trade Moves Could Mean for Airlines
President Trump’s proposed tariffs on aluminum and steel imports could have ripple effects on the aviation industry — and eventually result in passengers footing the bill.
Hotels
Accor CEO: Opening Hotels in Mykonos Too Risky due to Climate Change
When a major hotel group like Accor decides not to build in Mykonos because of climate risks, it's a sign that climate change is reshaping business decisions.