Mafengwo Raises $250M In New Funding Round Led By Tencent

by vcaonline.com posted 1year ago 31 views
BEIJING, May 23, 2019-- On May 23, 2019, Mafengwo announced that it has raised $250 million in its latest round of funding with Tencent Holdings Limited as a lead investor, and General Atlantic, Qiming Venture Partners, Yuantai Evergreen Investment Partners, NM Strategic Focus Fund and eGarden Ventures as co-investors. This new funding round has consolidated Mafengwo's position as a content giant in the tourism industry, which indicates that this online travel platform deeply rooted in the online travel community has risen to be a leading player.

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