Comment on Tencent Joins A $82mn Round of Funding in Online Travel Service 17u by China’s Ticketing Site LY.com Lands Nearly $1B USD Funding Led By Wanda Group - TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-02-17 00:00:00

17u.cn, a Chinese online travel service provider, has received RMB500 million (USD82mn) round of funding from Boyu Capital and existing investors, Oriza and Tencent. Launched in 2004, 17u started with business-to-business online travel products. Till now it has little difference from other consumer-facing online travel services like Ctrip. Commenting on the latest round of funding, 17u said their goal is still IPO. Sightseeing tickets market is where Chinese online travel services are fighting, as the markets for flights and hotels are mature.