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    Lulutrip, a leading North American OTA online travel booking platform (www.lulutrip.com), has gained the favor of investors and completed its A1 round of financing on November 18, 2014, in Silicon Valley, California, USA. The investor is the internationally renowned investment institution Lightspeed China Partners. Mr. Cao Darong, Managing Director of Lightspeed China Ventures, attended the company's board meeting. Lulutrip will use this funding to enhance its core competitiveness in areas such as product content development, R&D capabilities, big data analysis, brand building, and market services.　　

　　Lulutrip was founded in Silicon Valley in 2007 and specializes in providing destination travel products for Chinese-speaking travelers worldwide, including local group tours, independent travel, self-drive tours, cruises, hotels, and attraction tickets. Lulutrip’s strength lies in integrating destination tourism resources through destination procurement and quality control, helping travelers plan personalized itineraries with intelligent tools, and removing pre-trip and in-trip language and cultural barriers with market-leading customer service. This unique combination of technology, products, and services in the market has helped Lulutrip secure a leading position in the outbound Chinese travel market.　　

　　With the growing trend of outbound travel to Europe and America in the Chinese market, in 2013, Lulutrip began to vigorously develop the Chinese market. Within just one year, it opened flagship stores on e-commerce platforms such as Qunar, Tmall, and JD, while also distributing through major websites like Tuniu, Baicheng, and Taozailushang. Lulutrip has also established partnerships with many offline travel agencies across the country. By deeply exploring the travel consumption demands of the Chinese market and establishing an operational strategy for intelligent travel services, it quickly captured the market, achieving year-on-year doubling of sales, and was awarded the 2014 Best North American Chinese Travel Booking Platform by China Travel Industry Internet.　　

　　Jon Jiang, CEO of Lulutrip, believes that this round of financing not only provides Lulutrip with financial assurance in market competition but also helps upgrade its technology for a more comprehensive platform and enhances the quality of service for consumers. In the future, the technological advancement of travel booking platforms combined with professional service will be the most important experience for consumers. Lulutrip continuously optimizes in these two aspects, distinguishing itself from traditional travel agency services and other platforms’ low-price product strategies. With this round of funding, Lulutrip will take its product development, technological innovation, customer service experience, and talent acquisition to the next level. Based on this, Lulutrip will spare no effort to perfect the customer experience step by step.　　

　　The co-founders of Lulutrip are Jon Jiang and Faith Zhang. Jon Jiang has held executive positions at top global technology companies such as VMware and EMC. Faith Zhang is a leading figure in the Chinese-American travel industry. Regarding this funding, CEO Jon Jiang stated, "We are very honored to join hands with Lightspeed Capital to compete in the Chinese outbound travel market to Europe and America. President Obama's recent decision to grant ten-year multiple-entry visas to Chinese citizens will undoubtedly accelerate the development of this multi-billion-dollar market. Through this funding, Lulutrip will significantly upgrade the mobile and PC experience for Chinese travelers, while also expanding the breadth and depth of our products. Our goal is to enable every Chinese traveler to enjoy a personalized travel experience at the cost of a group tour." Mr. Cao Darong, Managing Director of Lightspeed China Ventures, also shared his thoughts on this collaboration: "We are very excited and look forward to working with Lulutrip. Jon and Faith are focused on future trends in Chinese outbound travel and continuously innovate in website technology and product/service experiences, which will allow them to continue making a significant impact in the Chinese overseas travel market."