JD.com (formerly 360Buy), the leading online retailer in China, reportedly has acquired last-minute hotel booking app Hotelvp. Deng Tianzhuo, CEO of Hotelvp, will join JD as vice president. Mr. Deng confirmed the news saying it hasn’t been completed yet.
The app for iPhone, Android phones and Windows Phone 7 offers hotel rooms that are available for booking from 6pm every night at discounts. Also Hotelvp users can book ordinary hotel rooms from three thousand hotels. The company behind the app also developed and ran apps for some hotel chains.
Shortly after the app was launched in September 2011, the company raised $4 million in Series A round of funding. It is reported that all the investors from that round exited this time.
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.