The owner of online travel platforms Ctrip, Skyscanner and Qunar, has committed $14.1m to its in-house investment fund, Xiecheng Entrepreneurship Investment Company.
China-based online travel services provider Trip.com has formed a corporate venture capital vehicle, DaHe Fortune Cube has reported, citing business data aggregator Qichacha.
Xiecheng Entrepreneurship Investment Company is sized at RMB100m ($14.1m) and will be overseen by Jie ‘Jay’ Shen, the Trip.com vice-president who heads its investment department.
Founded in Hong Kong in 1999, Trip.com was acquired by China-based peer Ctrip (known in Chinese as Xiecheng) in 2017 and has been serving as the latter’s global portal. It also…
