Mafengwo
Chinese travellers willing to pay more for quality experience
China’s tourism industry is heading toward high-quality development amid diversifying and expanding market demand, said an industry report. They are
After numerous scandals, Mafengwo to lay off 40% of staff
Rumours are circulating that Chinese OTA Mafengwo may be laying off 40% of its employees following several scandals involving the company.
Japan becomes first overseas market for Mafengwo
Mafengwo, China-based travel information site, announced its entry into the Japanese market. Listing about 10 million travel content a month,
Mafengwo targets Gen Z Chinese travellers, unveils road trip offerings
Chinese travel website Mafengwo has unveiled a new category of road trips and 12 classic itineraries for destinations in China
UmrahHolidays forays in China with two key partnerships
WebBeds, the world’s second largest business-to-business (B2B) accommodation provider, has announced the signing of two landmark partnership agreements that are
Weapons-grade tourism: US set to lose billions in revenue as Chinese tourist numbers dwindle
China claimed that Chinese tourists are “reluctant” to travel to the United States due to the escalating trade tensions and security concerns.
Mafengwo raise $133 million to lead Chinese online travel industry evolution
Mafengwo, a Chinese independent online travel platform, has announced that it has closed its Series D fundraising round of $133 million. New investors in this fundraising round include General Atlantic, a leading global growth equity firm, Ocean Link, a private equity firm focused on the fast-growing travel and tourism sector in China, Temasek, an investment company headquartered in Singapore, Yuantai Investment, and Hopu. Existing investors including Capital Today, Qiming Venture Partners, and Hillhouse Capital also participated in this latest financing round.
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