Tencent led a $250m funding round in Mafengwo.

Tencent, a Chinese multinational technology and entertainment conglomerate and holding company, led a $250m funding round in Mafengwo, a Chinese travel SNS website. "It has always been our mission to realize everyone's travel dream. This latest round of funding will enable us to bring more high-quality travel intelligence and efficiency to Chinese travelers when it comes to making well-informed travel decisions. It can also help us create better travel experiences for our consumers by offering them more creative ideas and plans," Gang Chen, Mafengwo Co-Founder and CEO.