Tembusu Partners Invests in Beijing-based China online hotel reservations service provider Qian Liang Technologies
Tembusu Partners, a Singapore-based private equity firm, announced today its investment in Qian Liang Technologies Holding Co. Pte. Ltd. (“Qian Liang” or the “Company”), an O2O (Offline to Online) travel reservation service provider for business and leisure travellers to China.
Based in Beijing, China, Qian Liang operates newly launched online hotel reservations service platform Niding.net (你定旅行网). A mainland China focused internet travel service, Niding provides discerning business travellers access to over 4,400 premium hotels across China, including Hong Kong, Macau, and Taiwan, at highly attractive rates.
Niding allows hotels and travel agencies to gain incremental revenue for their excess capacity that was not sold through primary channels. Niding’s online platform is designed to be extensive, responsive, easy to use and secure.
Commenting on the investment, Mr Andy Lim, Co-Founder and Executive Chairman, Tembusu Partners, said, “We are pleased to partner Qian Liang, Tembusu Growth Fund II’s sixth investment and second in China to date, to tap the growth in domestic and inbound tourism in China. Qian Liang is a promising technology venture that is in front of a significant and exciting opportunity. With China leading the world in number of internet users and aspirations of the exploding middle class population, Niding is poised for growth.”
Kang Rui, Founder and CEO of Qian Liang further added, “The strategic partnership between Tembusu and Qian Liang will provide significant value-add and acceleration to Niding’s corporate strategy, business development and internationalisation. As a platform with superior speed, cost saving and trusted by Chinese and overseas business and leisure travellers, Niding will continue to reach more consumers and expand our network of hotels and other travel products.”
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