Open Close completes USD 60m funding round

Chinese package tour supplier said it closed D round fund-raising on September 4 2013 raising USD 60m.

According to the firm, the money raised was jointly invested by Temasek, DCM and others., which services mass tourism market, was established in October 2006. Focusing on the online leisure travel market, Tuniu takes “Make travel easier” as its mission and provides consumers with booking services of tourism products. won the first place for online packaged tours in 2012 and is seeing strong growth.

The firm has provided booking services for tourism products starting from cities like Beijing, Shanghai, Guangzhou, and Shenzhen.

At the end of the first half of 2013, Tuniu said it provided over 40,000 kinds of tourism products for the consumers to choose from, including packaged tours, self-service tours, self-driving tours, cruise tours, tickets to scenic spots and group tours, and more than 3m people have been served in total.

Temasek is an investment corporation established in Singapore in 1974, which has 11 subsidiaries and offices in Asia and Latin America. By March 31st, 2013, Temasek has owned investment portfolios with a total value of 215bn Singapore dollars, which are concentrated in Singapore and other Asian areas.

The investments of Temasek are focused on four themes: economies in transition, growing the middle class, strengthening comparative advantages, and leading emerging enterprises. Its investment portfolios cover various industries like financial services, telecommunication, media and technology, transportation and industries, life science, consumption and real estate, energy, and resources.

Find out more at and


If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.