HotelGG.com’s CEO Xinman Tang told ChinaTravelNews on May 31 that the company has recently received millions of US dollars in its series B+ funding round.
HotelGG.com has two pillar services to meet different conference venues bookings needs by different types of businesses–HotelGG services mainly SMEs and MeetingBest serves big enterprises. The company's GMV and gross profit are said to have sustained high growth rates for the past five years.
Since its establishment in 2014, HotelGG.com has engaged with nearly 1.5 million SMEs and supported the digital innovation initiatives of 20 companies among China’s top 500 enterprises, among them are Alibaba, Novartis, Roche, Medtronic, Merck Group and L'Oreal.
Previous funding rounds:
March 2012: $1 million seed round
January 2014: $4 million Series Pre-A from Matrix Partner China
September 2014: $30 million Series A from SIG Susquehanna China VC & PE
August 2015: $20 million Series B from Matrix Partner China, Chengwei Capital and SIG Susquehanna China VC & PE (Translated by Elena)