Mafengwo for over 85 million U S dollars C round of financing Hillhouse capital Qiming venture in

Abstract: this round of investment by the participation of Hillhouse capital, Coatue, CoBuilder, Qiming, Huaxing capital acted as exclusive financial advisor. Among them, the founder of Expedia Rich Barton also participated in the mafengwo C round of investment.

news March 25th, ant cellular CEO Chen Gang today announced that the UGC (user generated content), tourism data, free trading platform to develop mafengwo platform free business at the same time, he also confirmed that the mafengwo C round of financing has been completed in January this year, after this financing, financing has accumulated more than 100 million dollars.

Although

did not disclose the amount of detail mafengwo financing, but according to the previous public financing mafengwo can be calculated, ant cellular C round of financing over $85 million.

Chen Gang said, this round of investment by the participation of Hillhouse capital, Coatue, CoBuilder, Qiming, Huaxing capital acted as exclusive financial advisor. Among them, the founder of Expedia Rich Barton also participated in the mafengwo C round of investment, he had invested in Online Travel Corporation TripAdvisor.

Chen Gang said the mafengwo will use the new funding, upgrade to the "free" for the direction of business strategy, hotel, travel and other local force downstream business and O2O mobile business to create a closed loop, he said that after this round of financing in the financing plan.

at present, around the "free", mafengwo to provide users with more than 60 thousand of the world tourism destination, tourism information, tourism Raiders quiz comment, and after the "tourism data" after optimizing the recommended global transportation, hotel, travel and other local free products and services.

public information, mafengwo was founded in 2006 by Chen Gang, Lv Gang, positioning Raiders community, in 2010 started the operation of company. According to official data, as of February 2015, mafengwo has accumulated about 80000000 users, of which 80% of users from "tourist guide" APP, "mafengwo free" APP mobile terminal, in addition, mafengwo month more than 60 million active users, more than 16 million of the number of reviews.

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