Chinese short-distance travel service platform Yaochufa has raised RMB550 million (US$85 million) series D round of financing from Beijing UTour International Travel Service Co., Tongchuang Jinding Investment Management and China Capital Management, a unit of CITIC Holdings. UTour and Yaochufa plans to cooperate to expand Yaochufa's overseas products and other services. Launched in 2011, Guangzhou-based […]

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