Fabi Smart secures millions in angel funding led by Jietong Huasheng to enhance its intelligent booking platform, poised to disrupt the Chinese travel market.

Target Information

Fabi Smart, an intelligent booking platform, has recently secured several million yuan in angel round financing. This funding round was led by Jietong Huasheng, a competitive smart voice product provider, with participation from notable investors including founders from a U.S. listed company, early investors in Singapore listed firms, and executives from Fortune 500 companies. Founded by a group of entrepreneurs from Tsinghua University, Fabi Smart aims to provide booking services to over a hundred million users by enabling automated room bookings, thereby allowing users to secure their desired accommodations instantly.

By challenging the traditional limitations of online travel agencies (OTAs), Fabi Smart offers pricing that is even lower than what OTAs provide. It is noteworthy that Fabi Smart received seed funding from Plug and Play China in 2017, illustrating its value proposition and growth potential in the market.

Industry Overview

The online travel agency sector in China is witnessing rapid growth, driven by the increasing smartphone penetration and reliance on technology for everyday services. Chinese consumers are increasingly seeking convenience and competitive pricing fo