# Mafengwo.cn

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mafengwo-cn

- Industry: Travel & Leisure
- Headquarters: Beijing, China
- Website: www.mafengwo.cn
- Total disclosed funding: $488M
- Latest round: Series E (May 23, 2019)
- Investors on record: 13

## About

Based in Beijing and established in 2007, Mafengwo.cn is a travel social networking platform that tourism-related information based on user-generated content. The founder and CEO of the company, Gang Chen graduated from Chengdu University of Information Technology. By the end of 2020, it launched the brand, Polaris Tips, which provides one-stop services for travelers. In February 2023, Mafengwo.cn raised strategic investment led by new investor Guizhou Innovation Empowerment Big Data Investment Fund, with participation from other new investor Guiyang Venture Capital.

Mafengwo.cn provides tourist information, including play, transportation, hotels, catering, shopping, and tourist tractions, for 60,000 travel destination overworld. It adopts the content plus transaction business model, which can provide solutions for information asymmetry for users and precision marketing for merchants. And it also uses big data, and artificial intelligence (AI) technologies to match users, information, and products. Moreover, it develops and operates a Mafengwo APP, which served over 100 million travelers per month. 

The company generates revenue by providing travel information and product reservation services.

## Funding rounds

- Series E, May 23, 2019, $250M — General Atlantic, Qiming Venture Partners, Tencent Investment, Yuantai Investment Partners, eGarden Ventures, New Margin Capital
- Series D, Sep 1, 2017, $133M — Temasek Holdings, General Atlantic, Qiming Venture Partners, Capital Today, Hopu Investment Management, Hillhouse Investment, Yuantai Investment Partners, Ocean Link
- Series C, Mar 25, 2015, $85M — Qiming Venture Partners, Coatue Management, Hillhouse Investment, CoBuilder Partners
- Series B, Apr 23, 2013, $15M — Qiming Venture Partners, Capital Today
- Series A, Oct 25, 2011, $5M — Capital Today

## Investors

- Capital Today (https://capitalatlas.ai/funds/capital-today) — Series A, Series B, Series D
- Qiming Venture Partners (https://capitalatlas.ai/funds/qiming-venture-partners) — Series B, Series C, Series D, Series E
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series C
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series C, Series D
- CoBuilder Partners — Series C
- Temasek Holdings — Series D
- General Atlantic (https://capitalatlas.ai/funds/general-atlantic) — Series D, Series E
- Hopu Investment Management — Series D
- Yuantai Investment Partners (https://capitalatlas.ai/funds/yuantai-investment-partners) — Series D, Series E
- Ocean Link (https://capitalatlas.ai/funds/ocean-link) — Series D
- Tencent Investment — Series E
- eGarden Ventures (https://capitalatlas.ai/funds/egarden-ventures) — Series E
- New Margin Capital (https://capitalatlas.ai/funds/new-margin-capital) — Series E