Lailaihui books $16.3m in Fosun-backed round

Aug 17, 2014 • Ben Bostock

China-based online holiday booking portal Lailaihui.com has received RMB 100 million ($16.3m) in series B financing, China Money Network reported on Friday.

The money came from conglomerate Fosun International’s venture capital arm, Fosun Venture Capital, and asset fund manager CDH Investments.

Lailahui, which is affiliated to Beijing Lailai Website Network Technology, previously received $1m in series A funding from CDH Investments and Unity Ventures in February 2014. Founded in January 2014, the business operates as a budget tourism website and…

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