When was Tongcheng Network Technology Co founded?

Tongcheng Network Technology Co was founded in 2004 and became a unicorn in 2015, reaching the milestone in 11 years. It raised its 1st funding round 4 years after its incorporation.

Where is Tongcheng Network Technology Co located?

Tongcheng Network Technology Co is headquartered in Beijing, China.

Who is the current CEO of Tongcheng Network Technology Co?

Zhixiang Wu of Tongcheng Network Technology Co.

How many employees does Tongcheng Network Technology Co have?

As of Sep 30, 2026, the latest employee count at Tongcheng Network Technology Co is 2263.

Is Tongcheng Network Technology Co a funded company?

Tongcheng Network Technology Co is a funded company, having raised a total of $1.42B across 6 funding rounds to date. The company's 1st funding round was a $5.7M Series A round, raised on 2008.

When was the latest funding round of Tongcheng Network Technology Co?

Tongcheng Network Technology Co's latest funding was a $150M PE round on Oct 09, 2016, with participation from 3 investors.

Is Tongcheng Network Technology Co a Online Travel company?

The primary sector of Tongcheng Network Technology Co is Online Travel.

Where does Tongcheng Network Technology Co rank among its competitors?

Tongcheng Network Technology Co ranks 31st amongst 2551 active competitors, of which 92 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Ixigo, which secured $150M in Oct, 2025.

Who are the top competitors of Tongcheng Network Technology Co?

Tongcheng Network Technology Co's top competitors include MakeMyTrip, Ixigo and Despegar. Among them, Ixigo secured the most recent funding round in October, 2025.

Tongcheng Network Technology Co - 2026 Company Profile, Team, Funding & Competitors

Sectors and market segments that Tongcheng Network Technology Co operate in

Tongcheng Network Technology Co serves in the Travel and Hospitality Tech market segments.The primary business model of Tongcheng Network Technology Co is:

Travel and Hospitality Tech > Online Travel > ***** **** > ***** ******

Company Details

Ly.com (formerly 17u.cn) is an online travel agency and a local attractions online ticketing website. It provides hotel/ flights/ cruise booking/ sightseeing tickets, services for travelers and group buying deals. Ly.com allows users to search for places of interest at local and city levels. Every place of interest comes with user reviews. Users can purchase the tickets on the website. In 2015, Chinese property and entertainment conglomerate Dalian Wanda Group (which is building amusement parks across China) led a $967M investment in the company making Wanda the biggest shareholder in the company. Post the investment, In Oct 2016, Wanda group announced that, Wanda's tourism assets would be reorganised and sold to Ly.com through a cash and stock deal. The combination would pave the way for the creation of a travel agent with projected total revenue of more than 36 billion yuan this year (2016) .pushing the valuation to $3B.

Key Metrics

Founded Year

2004

Location

Beijing, China

Stage

Series D

Total Funding

$1.42B in 6 rounds

Latest Funding Round

PE, Oct 09, 2016, $150M

Investors

Tencent & 10 more

Ranked

31^st among 2551 active competitors

Employee Count

2,263 as on Sep 30, 2026

Investment & Acquisitions

Sunrise & 8 more

Similar Companies

MakeMyTrip & 2542 more

View Tongcheng Network Technology Co's full profile

Tongcheng Network Technology Co has raised a total funding of $1.42B over 6 rounds. Its first funding round was on 2008. Its latest funding round was a PE round on Oct 09, 2016 for $150M. 3 investors participated in its latest round. Tongcheng Network Technology Co has 11 institutional investors.

Here is the list of recent funding rounds of Tongcheng Network Technology Co:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 09, 2016	$150M	PE	-	-	Wanda Group	Ctrip, Tencent
Jul 03, 2015	$979M	Series D	-	-	CITIC Capital	Tencent, Wanda Group
Apr 28, 2014	$200M	Series C	-	-	Ctrip	Tencent

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View details of Tongcheng Network Technology Co's funding rounds and investors

The founders of Tongcheng Network Technology Co is Guilong Sha. Zhixiang Wu is the CEO of Tongcheng Network Technology Co.

Here are the details of Tongcheng Network Technology Co's key team members:

Guilong Sha: Co-Founder of Tongcheng Network Technology Co.
Zhixiang Wu: CEO of Tongcheng Network Technology Co.

View details of Tongcheng Network Technology Co's Founder profiles and Board Members

Tongcheng Network Technology Co's employee count trend

Tongcheng Network Technology Co has 2,263 employees as of Sep 26. Here is Tongcheng Network Technology Co's employee count trend over the years:

Employee count trend for Tongcheng Network Technology Co

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Top competitors of Tongcheng Network Technology Co include MakeMyTrip, Ixigo and Despegar. Here is the list of Top 10 competitors of Tongcheng Network Technology Co, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	MakeMyTrip 2000, Gurugram (India), Public	Provider of online booking services for flights hotels and travel	$39M	Elevation Capital, Helion Venture Partners ... & 11 others	86/100
2nd	Ixigo 2007, Gurugram (India), Public	Online platform providing booking services for flights trains and hotels	$92M	BAF Spectrum, RAJ Family Foundation & 47 others	86/100
3rd	Despegar 1999, Miami (United States), Acquired	App-based platform to book multiple travel services	$331M	General Atlantic, Axia Ventures & 9 others	81/100
4th	Traveloka 2012, Singapore (Singapore), Series D	Online retailer of worldwide flights, hotels, activities, and travel deals	$1.02B	GIC, Global Founders Capital & 15 others	80/100
5th	Priceline 1997, Norwalk (United States), Public	AI-powered platform for booking multiple categories of travel services	$77.3M	Brighton Park Capital, Harmony Partners & 5 others	80/100
6th	Yatra 2006, Gurugram (India), Public	Provider of online travel booking services for flights and hotels	$87.5M	Chiratae Ventures, Norwest & 12 others	80/100
7th	Hopper 2007, Montreal (Canada), Series G	AI-powered travel booking and price prediction	$740M	OMERS, Atlas Venture & 22 others	79/100
8th	Goibibo 2007, Gurugram (India), Acquired	Online retailer of travel booking services for flights, hotels, and more	$250M	Tencent, Naspers	79/100
9th	Booking.com 1996, Amsterdam (Netherlands), Acquired	App-based platform for booking multiple categories of accommodations	$2.42M	Aggregate Media, VC Travel & 6 others	79/100
10th	Trip 1999, Singapore (Singapore), Public	Online platform for booking global travel services	-	Redpoint Ventures, Avista Investments & 10 others	79/100
31st	Tongcheng Network Technology Co 2004, Beijing (China), Series D	Online travel agency and local attractions online ticketing site	$1.42B	Ctrip, CoStone Capital & 9 others	64/100

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Tongcheng Network Technology Co has made 8 investments in companies including Sunrise and T3 Travel. Tongcheng Network Technology Co has also acquired 1 companies including Wanda Group.

Here is the list of investments & acquisitions:

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