8trip, a B2B tourism service, announced 150 million yuan ($24.45 million) of funding from Vision Knight Capital and SBCVC. This is so far the largest capital injection in this sector in China (report in Chinese).

Founded in December 2012, 8trips serves as a platform that bridge the gap between upstream tourism service providers and downstream travelling agencies, improving the trading efficiency for the two parties.

The fund raised this time will be used to improve the online platform and user experience, according to Yuan Dong, founder and CEO of the company. He added that 8trip will spin off the homegrown tourism services to focus squarely on B2B market, pledging that the company will not make inroads into terminal market.

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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.