World State Travel Network funded by three parties

Absrtact: The World State Travel Network, which specializes in outbound self-service tours, announced yesterday that it had received a total of three capital injections of the angel investors, Fosun's Fosun brothers Capital and Silicon Valley's headquarters Chinarock venture capitalist, which was represented by Yahoo founder Jerry Yang.

The World State Travel Network, which specializes in outbound self-help tours, announced yesterday that it had received a total of nearly tens of millions of dollars in funding from the angel investors, Fosun Group's Fosun brothers Capital and Silicon Valley's Chinarock venture capital, which was represented by Yahoo founder Jerry Yang.

"On the one hand, the strong growth of tourism demand abroad, on the other hand," with the group play bad, not with the regiment will not play, high-end customization and too expensive, "has become the vast number of Chinese tourists travel abroad a few major pain points, the World State Travel Network therefore proposed ' A-stop outbound self-help Zhao Yu, co-founder of the World State Travel Network, said that at present, the World State Travel Mall hundreds of businesses to provide 20 hot destination countries 16 categories of self-help products, including air tickets, visas, hotels, tickets, insurance, Outie, cruise and so on.

World State Travel Network said that the current round of financing will be in the future investment in all aspects of enterprise development needs and platform construction. "There are three main uses of financing, the first is to strengthen the existing service system construction, the second is to expand publicity efforts, and the third is to carry out small mergers and acquisitions, the target mainly involved in mobile phone and resource provider business." World State Travel Network Chairman Zhang Ping told the first financial daily, the World State Travel network next year to carry out a B round of financing, but the listing is currently no specific schedule.

While announcing a round of financing, the World State Travel Network also said that to expand the line of business, is creating "Travel small helper", this is its self-help tour solution's entrance and the important component, covers "2 minutes to comb the travel demand", "the destination travel has the talent accurate service", "The free personalized itinerary display and the itinerary matching commodity" and so on.

The investment community believes that with the introduction of the new tourism law, price increases or become one of the inevitable trend of tourism products. Travel agencies in the past generally through shopping and out-of-pocket cost-sharing projects, according to the travel law, travel agencies can not "hard" recommended shopping and out-of-pocket projects, this part can only "put on the obvious" in order to do legitimate business-this makes the group tour "price rise." Therefore, the implementation of the new tourism law is conducive to the growth of self-help travel market, as a focus on the self-help travel market of new tourism sites, the World State Travel network may therefore be favored by capital.