About Tongcheng Network Technology Co
Tongcheng Network Technology Co is a Travel & Hospitality company based in Beijing (China) founded in 2004. Online travel bookings and local attraction ticketing services are provided. Tongcheng Network Technology Co has raised $1.42 billion across 6 funding rounds from investors including Tencent, Ctrip and Wanda Group. The company has 2,263 employees. Its chief executive, as recorded, is Zhixiang Wu. Its website ly.com draws about 1.5 million monthly visits. Its focus areas include Consumer, Online Travel, Horizontal and Online Agency.
Company details
Ly.com (formerly 17u.cn) is an online travel agency and a local attractions online ticketing website. It provides hotel flights cruise booking sightseeing tickets, services for travelers and group buying deals. Ly.com allows users to search for places of interest at local and city levels. Every place of interest comes with user reviews. Users can purchase the tickets on the website. In 2015, Chinese property and entertainment conglomerate Dalian Wanda Group (which is building amusement parks across China) led a 967M investment in the company making Wanda the biggest shareholder in the company. Post the investment, In Oct 2016, Wanda group announced that, Wandas tourism assets would be reorganised and sold to Ly.com through a cash and stock deal. The combination would pave the way for the creation of a travel agent with projected total revenue of more than 36 billion yuan this year (2016) .pushing the valuation to 3B.
- Total Equity Funding$1.42B (USD)
in 6 rounds
- Latest Funding Round$149.8M (USD), Private Equity Round
Oct 2016
- InvestorsTencent
& 10 more
- Employee Count2,263
Funding Insights of Tongcheng Network Technology Co
Tongcheng Network Technology Co has successfully raised a total of $1.42B across 6 strategic funding rounds. The most recent funding activity was a Private Equity Round of $149.8 million completed in October 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.42B
- Total Rounds 6
- Last Round Private Equity Round — $149.8M
- First Round $5.7M
(Jun 2008)
- Investors Count 11
All 6 funding rounds of Tongcheng Network Technology Co with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2016 | $149.8M | Private Equity Round | – | Wanda Group | |
| Jul 2015 | $979.08M | Series D | – | CITIC Capital | |
| Apr 2014 | $200M | Series C | – | Ctrip | |
| Feb 2014 | $81.95M | Series C | – | Tencent | |
| Jun 2012 | Series B | – | Tencent | – | |
| Jun 2008 | $5.7M | Series A | – | – |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of Tongcheng Network Technology Co
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11 investors in total: 11 institutional.
Investors in Tongcheng Network Technology Co
Tongcheng Network Technology Co has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Tencent, Ctrip and Wanda Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Boyu Capital is recognized as a leading alternative asset management firm. | boyucapital.com | Hong Kong, China | ||
Venture Capital firm focused on multiple sectors | legendcapital.com.cn | Haidian, China | ||
VC fund investing in startups | cowinvc.com | Suzhou, China | ||
Health and technology startups are invested in by Puhua Capital. | puhuacapital.com | Hangzhou, China | ||
| stonevc.com | ||||
Tech companies in China are funded by Jade Capital Management. | jadecapital.cn | Beijing, China | ||
Commercial hotels, resorts, and apartments are managed and developed. | 1988 | wanda-group.com | Beijing, China | |
Multiple travel services including flights and hotels are booked online. | 1999 | ctrip.com | Shanghai, China | |
Value-added internet, mobile, and telecom services are provided in China. | 1998 | tencent.com | Shenzhen, China | |
Commercial ecological platform projects are targeted by this corporate fund. | 2002 | citiccapital.com | Hong Kong, China |
Investor details for Tongcheng Network Technology Co
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People of Tongcheng Network Technology Co
2 people are tracked at Tongcheng Network Technology Co (1 in leadership, 1 in team); the tracked headcount is 2,263.
| Name | Role | Group |
|---|---|---|
Zhixiang Wu | CEO | Leadership |
Zoey Zhang | prodcut specialists | Team |
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Timeline of Tongcheng Network Technology Co
4 dated milestones of Tongcheng Network Technology Co across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Tongcheng Network Technology Co is founded.
- Funding First funding round of $5.7M.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Private Equity Round, of $149.8M.
Web traffic of Tongcheng Network Technology Co
The website of Tongcheng Network Technology Co (ly.com) receives about 1.5M visits a month and ranks #32,676 among all websites worldwide, #930 in Travel and Tourism.
- Monthly visits1.5M
▼ 9.1% vs previous month
- Unique visitors811.4K
per month
- Global rank#32,676
among all websites
- Category rank#930
Travel and Tourism · Travel and Tourism
- Bounce rate45%
- Pages per visit3.1
- Average visit1 min 53 sec
- DevicesDesktop 50% · Mobile 50%
Websites whose visitors overlap most with Tongcheng Network Technology Co. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| fliggy.com | 100% | #30,250 | View details | ||
| qunar.com | 90% | 1.4M | #21,353 | View details | |
17u.cn | 17u.cn | 87% | #65,791 | – | |
12306.cn | 12306.cn | 87% | #7,368 | – | |
| ctrip.com | 78% | 14.5M | #2,882 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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Frequently Asked Questions about Tongcheng Network Technology Co
Tongcheng Network Technology Co was founded in 2004 and raised its 1st funding round 4 years after it was founded.
Tongcheng Network Technology Co is headquartered in Beijing, China. It is registered at Beijing, Beijing, China.
Zhixiang Wu is the CEO of Tongcheng Network Technology Co, as recorded in our data.
Tongcheng Network Technology Co is a funded company, having raised a total of $1.42B across 6 funding rounds to date. The company's 1st funding round was a Series A of $5.7M, raised on Jun 2008.
Tongcheng Network Technology Co has 2,263 employees.
Ly.com (formerly 17u.cn) is an online travel agency and a local attractions online ticketing website. It provides hotel flights cruise booking sightseeing tickets, services for travelers and group buying deals. Ly.com allows users to search for places of interest at local and city levels. Every place of interest comes with user reviews. Users can purchase the tickets on the website. In 2015, Chinese property and entertainment conglomerate Dalian Wanda Group (which is building amusement parks across China) led a 967M investment in the company making Wanda the biggest shareholder in the company. Post the investment, In Oct 2016, Wanda group announced that, Wandas tourism assets would be reorganised and sold to Ly.com through a cash and stock deal. The combination would pave the way for the creation of a travel agent with projected total revenue of more than 36 billion yuan this year (2016) .pushing the valuation to 3B.
Tongcheng Network Technology Co has 11 investors. Key investors include Tencent, Ctrip, Wanda Group, CITIC Capital, and Boyu.
The website of Tongcheng Network Technology Co receives about 1.5 million visits a month and ranks #32,676 among all websites worldwide.