Lvyouquan

About Lvyouquan

Founded in 2013, Lvyouquan, which is owned by Shanghai Pipikou Network Technology Co., Ltd., operates as a business-to-business platform in China's travel industry. The company facilitates transactions between upstream travel product suppliers and downstream travel agencies. Lvyouquan provides a distribution network for a comprehensive range of travel packages, including international tours, domestic short and long trips, independent travel, and cruises.

The platform aims to create a more efficient distribution model for suppliers through the integration of internet technology. For travel agencies, it offers a wide array of cost-effective products and provides online-to-offline marketing tools to help them optimize their sales processes. This model positions Lvyouquan as an open, independently operated third-party transaction platform within the travel sector.

The Shanghai-based company has secured significant financial backing to support its growth. In 2014, it raised a Series A of $1.6 million, followed by a Series B round of $19.5 million later the same year from investors including Haitong Securities and Purun Investment. A substantial Series B round of $78.1 million was raised on November 23, 2015, led by Haitong Securities, Purun Investment, and Yiju Enterprise Group, bringing its total funding to $99.2 million. In December 2014, the company announced a financing round of RMB 120 million from Principle Capital, China AMC, and Haitong Securities.