Mafengwo

Chinese travellers willing to pay more for quality experience

Associations, China, Consumer, Family & Group Travel, Global, Mobile & Social, OTAs & Tour Operators, Technology, Tourism, Travel Agents / Megha Paul

China’s tourism industry is heading toward high-quality development amid diversifying and expanding market demand, said an industry report. They are willing to pay more for cultural immersion and better experiences such as tasty food and lodging comfort, according to a report jointly released by the China Tourism Academy and Mafengwo, a travel services and social […]

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After numerous scandals, Mafengwo to lay off 40% of staff

China, Features, Global, OTAs & Tour Operators, Technology, Travel Agents / Kristin Mariano

Rumours are circulating that Chinese OTA Mafengwo may be laying off 40% of its employees following several scandals involving the company.

After numerous scandals, Mafengwo to lay off 40% of staff Read More »

Japan becomes first overseas market for Mafengwo

Attractions & Tours, China, Consumer, Family & Group Travel, Japan, Mobile & Social, OTAs & Tour Operators, Startups, Technology, Tourism / Megha Paul

Mafengwo, China-based travel information site, announced its entry into the Japanese market. Listing about 10 million travel content a month, including destination guides or word-of-mouth content from travellers, Mafengwo has about 130 million users, out of whom four million users see content for traveling in Japan. Japan is the first overseas market for Mafengwo. Taking

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Mafengwo targets Gen Z Chinese travellers, unveils road trip offerings

China, Consumer, Mobile & Social, Road, Startups, Technology, Transport / Megha Paul

Chinese travel website Mafengwo has unveiled a new category of road trips and 12 classic itineraries for destinations in China and abroad. The company also announced its plan to provide travellers with one-stop road trip services by partnering with premium car makers like Jaguar Land Rover, car rental platforms and road trip destinations. Through Mafengwo’s

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UmrahHolidays forays in China with two key partnerships

China, Mobile & Social, OTAs & Tour Operators, Startups, Technology / Megha Paul

WebBeds, the world’s second largest business-to-business (B2B) accommodation provider, has announced the signing of two landmark partnership agreements that are expected to significantly boost the fast-growing halal travel and Umrah pilgrimage sector in China. UmrahHolidays International (UHI) is a recent addition to the WebBeds global family, providing B2B solutions to travel agencies worldwide, including hotels,

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Weapons-grade tourism: US set to lose billions in revenue as Chinese tourist numbers dwindle

China, Global, Tourism, United States / Kristin Mariano

China claimed that Chinese tourists are “reluctant” to travel to the United States due to the escalating trade tensions and security concerns.

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Mafengwo raise $133 million to lead Chinese online travel industry evolution

17 Comments / China, Finance, Technology, Travel Agents / Alastair Newport

Mafengwo, a Chinese independent online travel platform, has announced that it has closed its Series D fundraising round of $133 million. New investors in this fundraising round include General Atlantic, a leading global growth equity firm, Ocean Link, a private equity firm focused on the fast-growing travel and tourism sector in China, Temasek, an investment company headquartered in Singapore, Yuantai Investment, and Hopu. Existing investors including Capital Today, Qiming Venture Partners, and Hillhouse Capital also participated in this latest financing round.

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After numerous scandals, Mafengwo to lay off 40% of staff

Weapons-grade tourism: US set to lose billions in revenue as Chinese tourist numbers dwindle

Mafengwo raise $133 million to lead Chinese online travel industry evolution

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