Zhinanmao (which means compass cat), an O2O platform specializing in customized travel, announced that it raised a multi-million RMB Pre-A round of financing.
I have never been super excited about the tours and activities category.
Baojia Car Rental announced on December 9 that it had raised US$30 million in its round A financing from leading investors including Pingan Ventures and Qiming Venture Partners.
SAP closed on its $8.3 billion acquisition of Concur Technologies last week, and Concur officials are trying to get the word out that the travel and expense company won’t abandon some of its key initiatives.
Numerous consumer-focused travel startups have launched in the past five years.
Uber has more than doubled its war chest and its valuation in six months, despite what the driver-hailing service’s chief called “significant growing pains”.
SoftBank Corp. invested $250 million in GrabTaxi Holdings Pte as the cab-booking service fends off competition from Uber Technologies Inc. in Southeast Asia.
Founder and CEO Jianqiang Gu projects that the company will break even by early next year and has set the next annual sales target at RMB200 million.
