HONG KONG (Aug 17): A Chinese travel website backed by Singaporean state investor Temasek Holdings hopes to raise up to US$300 million ($413 million) in a new funding round that it hopes to value the firm at US$2 billion to US$2.5 billion, two people with knowledge of the matter said.

Mafengwo, or "wasps' nest" in Chinese, is an online community for Chinese tourists where they share travel tips and shop for bespoke travel products.

The company hopes to use the fresh funds to acquire better tourism resources and products and better monetise its current travel content, one of the sources, who could not be identified because the information is confidential, told Reuters on Friday.

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