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Chinese online travel agency Mafengwo raises USD 250 million, with Tencent leading the investment

Mafengwo also sells travel-related merchandise on its platform, and hosts editorial content geared toward China’s domestic and outbound travelers.

1 min read

The company has reportedly secured deals with two big Indian music labels.
News
ByteDance to launch paid music service in emerging markets, challenging Spotify and Apple Music
1 min read
The company’s share price has dived more than 60% in the past three months.
News
CEO of Alibaba- and Tencent-backed news app Qutoutiao resigns amid widening losses
2 mins read
Huya’s monthly active users also grew by 33.3%
News
Tencent-backed Huya doubles net revenue in Q1 2019
1 min read
Its offerings are rooted in animation, comics, and games.
News
Alibaba-backed Bilibili sees sixfold increase in e-commerce revenue and healthy user growth, but widening losses
1 min read
10.8 million people now pay Tencent Music for such services.
News
Online karaoke and live streaming services boost Tencent Music’s revenue growth
1 min read
Will the local authorities seek to block it this time?
News
Despite propaganda concerns, Tencent launches subscription-based video streaming app in Taiwan
1 min read
Two-thirds of Chinese readers are willing to pay for their digital content.
Insights
China’s digital reading market keeps up its growth momentum
1 min read
Vlogging on.
News
Baidu’s Haokan extends video length to five minutes to take on Douyin
1 min read

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