Online travel service Tuniu announced today it had raised $60 million in Series D from investors including Temasek and DCM. The new funding, according to its CFO, will be used for expand and improve product mix, talent, among others.
Founded in 2006, the company raised A round from Gobi Partners in 2008, B round led by DCM in 2009 and C round from investors including Sequoia in 2011.
That Yang Jiahong, former CFO of US-listed Dangdang, joined Tuniu earlier this year as CFO is seen as a sign that company is in plan for an IPO. Tuniu also pocketed a former Alibaba executive, Tang Zhengrong, as CTO this year.
The slogan of Tuniu is “Make travels easier”. It offers online travel booking services for travelers who depart from Chinese cities, Beijing, Shanghai, Guangzhou and Shenzhen. It provides over 40 thousand offerings and has helped more than 3 million travelers, according to the company.
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