Facing uphill battle against well-positioned Ctrip and Qunar in China’s online travel market, Tuniu is set to take in $500M investment from Beijing hospitality group and in a 24% stake deal.
Gobi’s $1 million investment in Indonesian tour operator TripVisto is reminiscent of its earlier backing of Tuniu in China.
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Silicon Global Online: Ask A VC Series
September 20, 2024
Silicon Heartland (Penguin Random House, 2022)
Tech Titans of China: How China's Tech Sector is Challenging the World by Innovating Faster, Working Harder and Going Global (Hachette Book Group, 2019)
Startup Asia: Top Strategies for Cashing in on Asia's Innovation Boom
Silicon Dragon: How China Is Winning the Tech Race
