China travel sites Woqu, Lulutrip merge, raise $25m
Chinese outbound online travel platforms Woqu.com and Lulutrip – both of which have received several rounds of funding from VC and strategic investors – have agreed to merge. The combined entity has received $25 million in new funding.
The round for the new entity, namely Woxing Group, is led by Yuantai Changqing Fund, with participation from Lightspeed China Partners and E Garden Ventures. The new capital will be used to consolidate...
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