About Tongcheng Network Technology Co
Tongcheng Network Technology Co is a company based in Beijing (China) founded in 2004.. Tongcheng Network Technology Co has raised $1.42 billion across 6 funding rounds from investors including Tencent, Ctrip and Wanda Group. Tongcheng Network Technology Co operates in a competitive market with competitors including MakeMyTrip, Despegar, Traveloka, Priceline and Lastminute, among others.
- Headquarter Beijing, China
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.42 B (USD)
in 6 rounds
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Latest Funding Round
$149.8 M (USD), Private Equity Round
Oct 09, 2016
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Investors
Tencent
& 5 more
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Employee Count
Employee Count
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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 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 Total Funding
- Total Rounds 6
- Last Round Private Equity Round — $149.8M
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First Round
First Round
(01 Jun 2008)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Private Equity Round - Tongcheng Network Technology Co | Valuation | Wanda Group | |
| Jul, 2015 | Amount | Series D - Tongcheng Network Technology Co | Valuation | CITIC Capital | |
| Apr, 2014 | Amount | Series C - Tongcheng Network Technology Co | Valuation | Ctrip |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tongcheng Network Technology Co
Tongcheng Network Technology Co has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Tencent, Ctrip and Wanda Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Boyu Capital is recognized as a leading alternative asset management firm.
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Founded Year | Domain | Location | |
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Commercial hotels, resorts, and apartments are managed and developed.
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Founded Year | Domain | Location | |
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Multiple travel services including flights and hotels are booked online.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tongcheng Network Technology Co
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tongcheng Network Technology Co
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tongcheng Network Technology Co Comparisons
Competitors of Tongcheng Network Technology Co
Tongcheng Network Technology Co operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MakeMyTrip, Despegar, Traveloka, Priceline and Lastminute, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online bookings for flights, hotels, and travel packages are facilitated.
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| domain | founded_year | HQ Location |
Multiple travel services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
Multiple travel services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
Travel services are booked via an AI-powered platform.
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| domain | founded_year | HQ Location |
Last-minute bookings for travel and entertainment are facilitated online.
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| domain | founded_year | HQ Location |
Online platform providing multiple travel booking services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tongcheng Network Technology Co
Frequently Asked Questions about Tongcheng Network Technology Co
When was Tongcheng Network Technology Co founded?
Tongcheng Network Technology Co was founded in 2004 and raised its 1st funding round 4 years after it was founded.
Where is Tongcheng Network Technology Co located?
Tongcheng Network Technology Co is headquartered in Beijing, China.
Who is the current CEO of Tongcheng Network Technology Co?
Zhixiang Wu is the current CEO of Tongcheng Network Technology Co.
Is Tongcheng Network Technology Co a funded company?
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 C of $200M, raised on Jun 01, 2008.
What does Tongcheng Network Technology Co do?
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.
Who are the top competitors of Tongcheng Network Technology Co?
Tongcheng Network Technology Co's top competitors include MakeMyTrip, Ixigo and Despegar.
Who are Tongcheng Network Technology Co's investors?
Tongcheng Network Technology Co has 6 investors. Key investors include Tencent, Ctrip, Wanda Group, CITIC Capital, and Boyu.
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