Fosun VC, CDH commit $16m to China travel site
Fosun Venture Capital Investment and return backer CDH Venture have invested in a RMB100 million ($16 million) Series B round of funding for Lailaihui, a Chinese online travel operator.
Guohang Wang, the company's CEO, confirmed the deal to local media. The platform focuses on flash sales - offering goods at a discount for limited periods of time - of overseas travel packages to Chinese...
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