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Aya Lin · · 1 min readIn brief: Chinese online travel agency Mafengwo raises $250m round led by Tencent
- Online travel agency Mafengwo has raised US$250 million in fresh funds according to an announcement by Tencent, which led the investment round, KrASIA reports. General Atlantic and Qiming Venture Partners also contributed funds.
- Tencent said Mafengwo’s gross merchandise volume has been increasing by more than 100% year-on-year for the past four years, without revealing further details.
- In December 2017, the company closed its Series D round with US$133 million, according to Crunchbase.
Editing by Dante Gagelonia
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