China's SMEs Fund, China Merchants Capital invest $17m in hotel booking platform Haoqiao

China's SMEs Fund, China Merchants Capital invest $17m in hotel booking platform Haoqiao

Image from the homepage of Haoqiao.cn

China’s National SMEs Development Fund teamed up with China Merchants Capital Investment to inject RMB120 million ($17 million) in series B+ round in a fast-growing hotel searching and booking platform Haoqiao.cn, according to China Money Network’s report.

This is the National SMEs Development Fund’s second investment in the online travel services space, following its investment last month in Meiya, an online flight ticket search and travel management platform.

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