Lailaihui Raises a Series B Financing Round from CDH Venture and Fosun Venture Capital Investment (Asia)

Source: Asian Venture Capital Journal  |  Author(s): Winnie Liu

CDH Venture, a venture capital team under the umbrella of alternative asset fund manager CDH Investments, and Fosun Venture Capital Investment, Fosun Group’s venture capital arm, have invested RMB100 million (approximately US$16 million) in a Series B financing round for China-based online travel service provider Lailaihui. CDH previously participated in a Series A financing round for the company in February 2014. Lailaihui sells discounted travel packages via flash sales.