The Chinese online travel group now owns a 5.2% stake in Tripadvisor for USD 153.9 million.
Same-hotel RevPAR dropped 40.8% in the second quarter, and 52.8% in the first quarter.
It will use the capital it has raised in this pre-Series B round to strengthen the infrastructure of its airfare distribution technology and product.
The company doubled its executive team and employs 250 people, all full-time employees.
This is not the first that JD.com has invested in travel.
Launching its India operations with an acquisition is a natural extension for Lastminute.com.
The OTA plans to use proceeds from the notes to repay existing debts.
Meir believes the company’s strategy, which mixes technology with human interaction, continues to be the “golden path for success."
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