ByeCity, a Chinese outbound traveling service, announced that it secured nearly $20 million of Series B financing from Alibaba Group and CBC Capital.

The company has received around 10 million dollars from JAFCO Asia and Investor Growth Capital in 2008 and an undisclosed amount from TaishanXD in 2011. The capital raised will be used in network construction, branding and enhancement of user experiences.

Founded in 2000 as a pioneer of Chinese outbound travelling industry, ByeCity gives priority to its visa application service over other businesses like package tours, hotel and flight ticket reservation, etc.

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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.