Mafengwo announced the completion of the C round of financing 5 year cumulative financing of nearly

mafengwo announced the completion of the C round of financing 5 year cumulative financing of nearly $100 million

[TechWeb] March 25th news reports, mafengwo announced the completion of the C round of financing, this round of financing by the participation of Hillhouse capital, Coatue, CoBuilder, Qiming, Huaxing capital acted as financial advisor. At present, this round of financing amount has not been disclosed, but the mafengwo said that after this financing, has accumulated nearly $100 million financing.

ant cellular CEO Chen Gang said, after obtaining the C round of financing, mafengwo will use the new funds to the direction of the business strategy to upgrade free behavior, will be in the hotel, local travel and other downstream business, and create a O2O mobile business closed loop.

cellular COO Lv Gang, 2014 mafengwo free trade volume has exceeded 900 million yuan, including advertising revenue and daily more than 10 thousand hotel bookings, mafengwo has sufficient cash flow.

days ago, cellular ant also combined number of free product suppliers and Booking and Agoda about 20 well-known OTA, specially held for the Qingming Festival, 51, the Dragon Boat Festival holiday three small "3.18 day free for sale".

The existing

data display, ant cellular travel network in 2011 by the capital today only the investment of $5 million and $2 million in interest free loans, 2013 Chuangtou and today the capital investment of 15 million dollars in B round of financing. (rain)

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