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Add Link No links has been recorded for Gang chen Edit. Add Milestone No milestones has been recorded for Gang chen Edit. BEIJING, /PRNewswire/ - On May 23, 2019, Mafengwo announced that it has raised $250 million. Mafengwo Raises $250 Million in New Funding Round Led by Tencent. By 2050, Africa’s 1.1 billion person population is slated to double, with 80% of this growth happening in cities, bringing the continent’s urban headcount up to more than 1.3 billion.The.Users on the platform share their journeys, travel tips, itineraries, recommendations, and feedback with other users on the platform. Initially they started as a platform to share information about travel but went to establish as OTA later.

MaFengWo (马蜂窝) is considered the “travel bible” by younger Chinese netizens, providing long-form tourism focused content to help users with their travel plans.25malx ahlstrom madisonville kentucky MaFengWo (马蜂窝) is the leading travel & leisure platform in China. is leading a $250 million investment in Chinese travel site Mafengwo, expanding its footprint in a fast-growing online travel and content sphere. Download 马蜂窝-全球旅游攻略,旅行度假酒店预订 and enjoy it on your iPhone, iPad, and iPod touch. Read reviews, compare customer ratings, see screenshots, and learn more about 马蜂窝-全球旅游攻略,旅行度假酒店预订. General Atlantic, Qiming Venture Partners, and others also participated in the round, which brings the Beijing company’s total raised to just over $500 million, according to its Crunchbase profile.

Mafengwo, a Chinese travel website, announced today it has raised a $250 million Series E led by Tencent Holdings.

These lead to more revenue, therefore a higher valuation. Since the more the traffic, the higher the conversion rate. All of these are very dependent on the traffic and conversions Mafengwo can generate.

Mafengwo generates revenue mainly from brand ads and hotel booking commission fees.