China Digest: Alibaba fund backs Hotelmize; Youdi bags Sequoia funding

China Digest: Alibaba fund backs Hotelmize; Youdi bags Sequoia funding

Hong Kong cityscape. Photo: Pixabay

Israeli travel tech startup Hotelmize has garnered an undisclosed Series B round funding jointly led by Alibaba Hong Kong Entrepreneurs Fund and Brilliance Ventures, while second-hand auto parts e-commerce firm Youdi has secured ‘millions of dollars’ in its angel round funding from Sequoia Capital China. 

Alibaba Hong Kong Entrepreneurs Fund invests in Israel-based Hotelmize 

Israeli hotel booking platform Hotelmize has garnered an undisclosed Series B round funding jointly led by Alibaba Hong Kong Entrepreneurs Fund and Brilliance Ventures, an Israel-based venture capital fund, according to local media. 

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