Fenbeitong

Active#3 worldwide · Business travelNot open to Backers

Estimated valuation · Business travel · China

Corporate spend management platform in China that started with business travel booking and reimbursement and now also covers meals, procurement, virtual cards and employee payments.

Travel, hospitality & leisure›Business travel fenbeitong.com

HQChina

Last roundSeries C · Mar 2021

Estimated valuation

AI · Business travel ranking (worldwide)

≈ USD 480MUSD 320–720M · Hundreds of M$

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Hectocorn

Anchor: Last known equity round: Series C · USD 92.5M · Mar 2021

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
Business travel · worldwide	Top 19	#3	Edition 0 · Oct 2026	3 Feb 2027

Rank historyOct 2026 · #3 Business travelFirst edition: no movements yet.

Funding history

Date	Round	Amount	Type	Investors
Mar 2021	Series C	USD 92.5M	Equity	Tencent, GL Ventures, IDG Capital, Ribbit Capital, Eight Roads Ventures, Glade Brook Capital

Rounds as cited by Uback’s rankings. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Independent analyses

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Not open to BackersCompanies based in mainland China are ranked like any other startup, but Uback does not open pools on them: capital controls and offshore (VIE) structures make minority deals impractical for our Backers.

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What the AI reads

Read by the AI at the next edition.

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Last updated: Oct 2026Report an error

Uback is a content publisher and an aggregator of non-binding expressions of interest. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.