Business trip service provider Z-trip snatches 100 million yuan
COLDSKY.CN – Z-trip Business Management(https://www.z-trip.cn, 在途商旅) raised over 100 million yuan in the new round of funding from DCM, Zhang Tao, founder of restaurant review website Dianping.com, and Unity Venture (九合创投).
The TripActions-like start-up, established in 2015, offers business trips management for medium and large enterprises, such as accommodation reservation, transportation ticketing, conference organising, payment and settlement on the web or via a smartphone app.
A one-stop solution provider of Meetings, incentives, conferences, and exhibitions (MICE), it says the customer retention rate among large clients reached 95 percent. In 2019, Z-trip reported revenues of several hundreds of millions yuan, up 300 percent year on year.