AsiaYo, a Taiwan-based travel accommodation has raised a US$7 million funding in a series B (the process of growing a business through outside investment )financing driven by Alibaba Taiwan Entrepreneurs Fund and China Development Financial, with cooperation from Darwin Ventures and Delta Ventures.
AsiaYo is an initiation by CK Cheng, a former financial analyst, in the year 2014, which manages over 60,000 hotels and rental homes — crosswise over 60 cities, and serving 300,000 clients currently. AsiaYo is platformed in Korea, Hong Kong, and Thailand at present. As of now, 60 percent of the site’s business originates from outside of Taiwan.
And now, the organization is planning its expansion to countries like Singapore and Malaysia by mid 2019 ; it will likewise be propelling a Japanese site additionally by next year.
The organization is going to utilize its recently raised money to extend its stage. Moreover, a bit of the capital will be diverted towards its product improvement and employment as well.
Andrew Lee, Executive Director of the Alibaba Taiwan Entrepreneurs Fund, said, ‘With quick financial improvement across Asia, we have witnessed a noteworthy ascent in regional tourism – AsiaYo has gained by this pattern, exhibiting its development potential.
Further the company, in collaboration with a few travel brands like Hong Kong Airlines, KKday, Neppan, Taiwan Host Association and Rakuten LIFULL STAY, has the plan of growing its scope of vacation homes too .
Pioneering the accommodation business, client’s satisfaction is the prime concern of AsiaYo. To serve them more readily, the company has created AYSort, an AI-controlled set of rules to solve client inclinations and create curated suggestions for its clients. Further, to offer satisfactory service on applications such as LINE, Facebook and WeChat, the organization has set up a multi-lingual client benefit group also.
‘We ought to be the best get-away rental stage in Asia, uniting global partners, modern innovations and localized services to motivate travellers to venture out of their customary ranges of familiarity and reveal the excellence covered up in the domain,’ said C K Cheng the founder.
