Tuniu, a China-based online travel package provider has secured series D funding of $60 million from investors including Singapore-based Temasek and US-based DCM.
The company is clearly striking while the iron is hot, as more and more Chinese people are travelling around the world, and becoming the world's biggest travel-spending nationals.
The Nanjing-based company raised its first major funding round in 2008 from Gobi Partners, the next funding round was led by DCM in 2009, and the series C was from investors including Sequoia in 2011.
Tuniu focuses on domestic and international package tours and its target customer base are middle-class Chinese travellers.
By contrast, the leading online travel services including Ctrip and eLong focus on flights and hotels.
Chinese travellers are known for travelling in groups and seeking value for money, so package products fit the bill. The company also helps in securing tourist visas.
According to an iResearch report 2012, Tuniu was ranked number one in the online packages market in China.
Early this year, Conor Yang joined Tuniu as its CFO. Previous to this, Yang worked at Dangdang, an ecommerce company in China.
The company has served three million customers so far, and has 600,000 reviews in the system.
Temasek confirmed the series D investment to Tnooz.