WO XING WO SU
A C2B hotel reservation platform that allows customers to bid for hotel rooms and offer their own prices.
Wo Xing Wo Su is a C2B hotel booking platform founded by Guangzhou Yihan Information & Technology Co., Ltd. in May 2016.
The platform operates a mobile app allowing hotels in a would-be traveler’s destination to offer lodging discounts to match the user’s budget thus making the best use of its vacant rooms, a hotel booking system similar to that of Priceline.
In June 2016, Wo Xing Wo Su (meaning “Choose where I want to go and lodge”) received backing from angel investors, valued at USD 7.2 million. In April 2017, the company launched its platform to great success, scoring over 20,000 orders worth of over USD 1.4 million per month, which brought an 800% sales growth and a 1000% orders growth. In December 2017, the company completed its Series A funding, valued at USD 72.3 million. In 2018, the platform resides 1521 hotels offering circa 300,000 rooms and has signed contracts with 453 hotels, gaining access to over 90,000 rooms. Its app has secured over 3.3 million downloads and over 1.3 million subscribed users. Since it joined ToJoy’s business incubation platform, as of February 2019, Wo Xing Wo Su has signed deals with 135 joint-venture investors and received $9.8 million USD in payment, valued at $160.8 million USD.
$72.3 → $116.1