Short-haul travel specialist Yaochufa will use the funding, and a partnership with UTour, to expand the range of destinations it offers its Chinese customers.
China-based online travel booking platform Yaochufa has raised RMB 550m ($85m) in a series D round that included travel agency Beijing UTour International Travel Service, China Travel News reported yesterday.
UTour was joined by China Capital Management, which operates as a subsidiary of state-owned investment firm Citic Holdings, and Tongchuang Jinding Investment Management.
Founded in 2011, Yaochufa operates an online travel booking service that specialises in local package holidays and tours. It covers around 50 destinations across southern, eastern and…
