Tencent Leads $50M Series C For Mobile App BreadTrip

Beijing-based Chinese travel mobile app maker BreadTrip has completed US$50 million series C financing led by Tencent Holdings Limited, according to a report by Tencent’s web portal.

Fidelity Growth Partners Asia and existing investor China Broadband Capital also participated.

The company will use the proceeds on recruitment and expanding its communities to more overseas tourism destinies.

Founded in 2012, BreadTrip previously received undisclosed amount of angel investment from China Renaissance K2 Ventures, and undisclosed series A and B financing from Vertex Venture and China Broadband, respectively.

BreadTrip claims it has cumulative active users of over 30 million, 70% of which are iOS users.

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