Yimeiyipai.com has expanded its service to 200 global travel destinations and serviced 200,000 travelers with 1,300-plus active photographers.
Luxury Escapes’ turnover is expected to be around $500 million in FY20, and its annual earnings have been growing at 50 percent.
In 2019, the outbound travel products purchased by Chinese nationals covered 158 countries, 17% growth year-over-year.
Tripeur’s AI platform has powered over 1.4 lakh corporate travel transactions for over 50,000 business travelers.
The investment will be used on IP content R&D and optimization of the IT system.
The startup plans to use the funding to support product development and expansion plan to China.
OYO’s China unit could post a $394.9 million profit in 2022, which could then grow to $1.65 billion by 2024, the projections showed, implying a four-fold jump in net profit in two years.
2C2P’s ambitions stretch beyond its local region, it will look to expand further afield over the next year.