Shijiebang, an outbound and backpack tourism service platform, secured nearly $10 million of Series A financing from angel investors led by Yahoo founder Jerry Yang, Fosun Capital and ChinaRock (report in Chinese).

The company has received millions of yuan in angel round from Jerry Yang, Tencent’s early-stage investor Wang Shu, and Wu Shangzhi, partner of CDH Investments.

The capital raised this time will be invested in system construction, marketing and small acquisitions, according to Zhang Pinghe, board chairman of the company.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.