Chinese social travel service Mafengwo announced today that has completed a D round worth $133 million. New investors in this round include General Atlantic, Ocean Link, Temasek, Yuantai Investment, and Hopu. Existing investors Capital Today, Qiming Venture Partners, and Hillhouse Capital also participated.
The proceeds will be used to improve the global travel experience, offer user-generated content, deepen the application of advanced analytics, and improve travel guides and services, according to a company statement.
Born out of an online travel community for Chinese millennials, the startup has grown to become an independent online travel platform that aggregates user-generated reviews of destinations, hotels, attractions, and local activities to provide trip planning advice to self-guided travelers in China.
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