SHANGHAI :
Chinese Tour Startup Huangbaoche Closes USD50 Million C+ Series Funding
Liao Shumin
DATE:  Jun 25 2019
/ SOURCE:  yicai
Chinese Tour Startup Huangbaoche Closes USD50 Million C+ Series Funding Chinese Tour Startup Huangbaoche Closes USD50 Million C+ Series Funding

(Yicai Global) June 25 -- Huangbaoche, a Chinese overseas travel booking firm, has raised USD50 million in its C+ series of funding, led by Shenzhen Capital Group.

Huangbaoche, operated by Chuncui Travel, closed the deal in the first quarter, the Beijing-based firm said in a statement. 

Last March, Sequoia Capital China led the company's USD50 million C round of funding. The firm garnered CNY120 million (USD17.4 million) its B series in 2016 and CNY220 million in its B+ round in 2017. It logged CNY48 million in its A series in 2015.

Founded in 2014, Huangbaoche has served more than 10 million users, selling tours, airport pick-up services and car rental, according to its site. It had 100,000 registered local guides at the end of the first quarter, covering more than 1,800 cities in over 90 countries.

Editor: Emmi Laine 

 

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Keywords:   Huangbaoche,Travel Booking