Both airlines will provide their self-managed lounges to the other side's premium (first- and business-class) passengers and frequent fliers with elite status.
The 1,700-square meter tax-free store will be opened during the second China International Import Expo in November.
The company will use the funding to research and develop museum content and exhibitions.
The move comes amid a rebound in numbers of mainland tourists to Taiwan, which stood at 1.67 million in the first half, up 28% from a year earlier.
The battery-less luggage tag allows passengers to complete the baggage check-in process at home or on their way to the airport through an application on their mobile phones.
The new capital brings the total invested in the U.S.-based company to $40.5 million.
The proceeds will be used to launch operations in Latin America and Asia, and to build a car-pooling service.
After the cash is injected from this round, the company is likely to have a paper valuation of around $62 billion.
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