Latest Fosun Venture News
Aug 15, 2014
Like our Facebook page and follow us now on Twitter @chinamoneypod . Beijing-based discount tourism online booking portal Lailaihui.com has received RMB100 million (US$16.3 million) series B financing from Fosun Group ’s venture capital arm Fosun Venture Capital Investment and CDH Investments , according to Chinese news reports. The company previously received several millions U.S. dollars series A financing from CDH Investment and Unity Ventures . Founded in 2013, Lailaihui is a discount tourism booking platform focused on cross-border travel. The company claims its monthly transaction value has reached about RMB10 million (US$1.6 million). Income from Chinese domestic tourism for the first half year of 2014 will increase by 14.8% to reach an aggregate of RMB1.6 trillion (US$260 billion), according to the data released by China Tourism Academy . Earlier in August, Shanghai-based Chinese tourism and travel booking and service provider Lvmama.com also completed an undisclosed amount of series D financing . In another deal highlighting the great potential in the Chinese tourism sector, Connecticut-based online travel booking website Priceline Group Inc. says earlier in August that it plans to invest US$500 million in Shanghai-based travel service group Ctrip.com International Ltd.
Fosun Venture Team
1 Team Member
Fosun Venture has 1 team member, including former Managing Director, Mei Tong.