Temasek-backed Chinese travel site Mafengwo seeks to raise up to $300m

Temasek-backed Chinese travel site Mafengwo seeks to raise up to $300m

Photo: Reuters

A Chinese travel website backed by Singaporean state investor Temasek Holdings hopes to raise up to $300 million in a new funding round that it hopes to value the firm at $2 billion to $2.5 billion, two people with knowledge of the matter said.

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