China’s CITIC Capital, Haier Capital, Lenovo Holdings Corp and Legend Capital have led a nearly RMB700 million (US$105 million) series C round in Phoenix Travel Worldwide Co., Ltd., an overseas travel agency. It marks largest fundraising deal in the tourism industry in China this year. Juyuan Investment, Yonghua Capital and Silk Road Huachuang also participated in the round, according to a company announcement. With the funding round, Phoenix Travel will team up with its investors to set up a RMB1 …

CITIC Co-Leads $105M Round In Chinese Travel Agency Phoenix Travel appeared first on China Money Network.