Fosun’s Venture Capital Arm Backs Israeli Booking Site in an Ongoing Travel Push

Fosun’s Venture Capital Arm Backs Israeli Booking Site in an Ongoing Travel Push
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  • Chinese investment group Fosun keeps broadening its travel portfolio.
  • In December its majority-owned travel company, Fosun Tourism, which includes Club Med , spun out as a separate public company that claims to be the largest leisure tourism resort group in the world by revenue.
  • On Monday, Fosun's Shanghai-based corporate venture capital arm, Fosun RZ Capital , said it had led a $6.75 million Series A investment round in Splitty , a hotel booking startup based in Israel.
  • In March 2017, Fosun RZ invested in Ixigo , which has since become the largest price-comparison travel search brand in India.
  • Splitty combines multiple hotel bookings at different rates under one reservation.


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