Mafengwo: China's social travel platform Mafengwo to lay off 40% of staff
Tencent-backed Mafengwo, once a top travel site in China known for its user-generated reviews and other travel-based content, is losing out to larger rivals like Alibaba's Fliggy and Ctrip.
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Mafengwo is a China-based online platform that enables users to book vacation packages, hotels, air and bus tickets.
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