Baoku, Chinese business travel & expense management solution provider, recently confirmed on its microblog that the startup raised nearly $10 million of Series A funding from CBC and AsiaInfo Linkage without disclosing the detailed amount of the financing.

Founded in 2007, the Beijing-based SAAS startup builds web-based corporate travel management systems that ensure policy and regulatory compliance, sales platforms for airlines and traveling agencies, as well analytics systems.

The company currently provides services to more than 2,000 Chinese companies – including Air China, AsiaInfo Linkage, medical equipment manufacturer Smith & Nephew, helping them save up to1.8 billion yuan ($290 million) in travel expenses, according to Baoku. The startup is also the ticket platform developer of Air China, Shenzhen Airlines and Hainan Airlines, 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.