News broke yesterday that Ctrip was acquiring Economy Hotel Manager. Huo.Li, the parent company of the hotel app, confirmed they were in investment talks with Ctrip later yesterday. The rumored funding is $6 million at a valuation of more than ten million approximately 20 million dollars.

Huo.Li first launched a hotel app in November 2011 and later split it into two, Economy Hotel Manager and Lian Hotel — for high-end hotels — for different demographic groups. It is reported that there are a combined more than 30 thousand nights booked monthly daily through the two apps.

Wang Jiang, CEO of Huo.Li, has been in the Internet business ever since 2001. His company and another two were formed Huo.Li in 2009. The company raised $5 million Series A and $15 million Series B funding in 2011.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com