Lailaihui

About Lailaihui

Founded in 2013 and headquartered in Beijing, China, Lailaihui established itself in the online travel sector. The company developed an online platform focused on offering international and domestic travel packages, alongside services for backpackers. Its business model initially centered on developing software for tour operators before transitioning to a consumer-facing platform that provided last-minute travel discounts for groups of Chinese outbound travelers.

Lailaihui's platform enabled users to book both hotels and flight tickets, catering to a growing demand for accessible travel solutions in the Chinese market. The company secured multiple rounds of funding to fuel its growth and enhance its technological infrastructure. In February 2014, it raised $1 million in a Series A round. This was followed by a significant Series B funding round in August 2014, where the company secured $16.3 million (RMB 100 million) from investors including Fosun Venture Capital and CDH Investments. This capital was earmarked for upgrading its IT and customer service systems, as well as improving its product offerings. According to PitchBook data, the company ceased operations around July 2018.