Shanghai-based Chinese tourism and travel booking and service provider Lvmama has completed RMB300 million (US$49 million) series D financing, according to Chinese news report.
China’s three Internet giants, Baidu Inc., Alibaba Group and Tencent Holdings Limited, as well as Beijing-headquartered Chinese property and hotels operator Wanda Group and Shanghai-based travel service group Ctrip.com are speculated to be the investors in the round.
Founded in 2008, Lvmama received more than RMB100 million series C financing from Sequoia Capital and South River Capital in 2011, and RMB100 million series B financing from Sequoia Capital and CDH Investments in 2010.
The company received RMB50 million series A financing from undisclosed investors in 2009.
Lvmama.com provides travel ticket booking,and DIY tour services. It has partnership with more than 10,000 tourism sites and at least 10,000 hotels, covering more than 50 countries across five continents.