Yododo, a Chinese hostel booking and independent travel community, received US$4m in Series A financing.
Gobi Partners made the investment.
The company intends to use the funds to continue to grow focusing on expanding its hostel network, improving service quality, and increasing range of product offerings.
Founded in 2006 and led by Marriane Miao, CEO, Yododo.com operates an independent travel community, with over 6 million users discussing and sharing travel information, itineraries, and strategies in popular community forums.
In 2008, the company launched its local hostel booking platform to provide convenient services for its users.