Huoli Group, the second-largest comprehensive travel and mobility platform in China, has filed for an IPO in Hong Kong.
Widely recognized through its flagship products, Flight Master and Train Master, Huoli Group raised RMB 960 million (around USD 135 million) in its Series C funding round in 2016.
According to its IPO prospectus, Huoli Group's transaction volume in 2023 reached RMB 30.8 billion (around USD 4.3 billion), positioning it as the second-largest comprehensive travel platform in China, just behind Trip.com Group.
Established in 2009, Huoli Group launched Flight Master, one of China’s first flight booking apps, followed by Train Master in 2012 – the nation’s first mobile app for high-speed rail information and ticket booking.
Huoli Group's core services span the entire user journey, from trip planning and booking to real-time travel information updates and post-trip support. The platform also offers ancillary services such as seat selection for flights and trains, flight delay tracking, airport navigation and hotel reservations.
Its journey services include real-time flight and high-speed rail information, supporting seamless online ticket bookings and dynamic updates.
As of June 30, 2024, Huoli Group's services extend across more than 220 countries and regions, covering over 5,000 airports, including 3,000+ domestic train stations, and offering booking options for more than 400,000 hotels.
