Fosun’s Venture Capital Arm Backs Israeli Booking Site in an Ongoing Travel Push
15 April 2019 12:41 PM GMT
Chinese investment group Fosun keeps broadening its travel portfolio. In December its majority-owned travel company, Fosun Tourism, which includes Club Chinese conglomerate Fosun RZ Capital, which owns Club Med, has invested in Splitty, an online travel booking startup, and other companies.
- 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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