Lvmama: Jinjiang International Invests $80M In Venture-Backed Lvmama

Shanghai-based Chinese tourism and travel booking and service provider Lvmama.com has received RMB500 million (US$80 million) strategic investment from Jinjiang International (Group) Company Limited, according to an internal letter reported by Chinese media. The investment follows a RMB300 million (US$49 million) series D round of financing completed in August 2014. Founded in 2008, Lvmama received [...]Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.