The mobile app industry has experienced significant growth in recent years as more and more people rely on their smartphones to make purchases and find information. One such company that has gained popularity is Teemu, a hotel booking app launched in 2016 by a team of Chinese entrepreneurs who had previously worked at Expedia.
However, there have been concerns about the origins of this company and whether it is truly a Chinese company or not.
One reason why some people believe that Teemu may not be a Chinese company is because it has received significant investment from foreign venture capital firms. For example, Teemu has raised over $100 million in funding from investors such as Sequoia China and Qiming Ventures. This has led some people to question whether Teemu’s founders are truly Chinese or if they have connections with the West.
However, it is important to note that foreign investment does not necessarily mean that a company is not Chinese. In fact, many successful companies in China have received investment from foreign venture capital firms over the years. For example, Alibaba, one of the world’s largest e-commerce companies, was founded by a Chinese entrepreneur and has received significant investment from foreign venture capital firms over the years.
Additionally, Teemu’s website and app are both available in multiple languages, including English, which suggests that the company may be targeting a global audience rather than just the Chinese market. This further supports the idea that Teemu may not be solely focused on the Chinese market and could potentially be a global company.
However, despite these concerns, there is evidence to suggest that Teemu is indeed a Chinese company. For example, Teemu’s founders are all Chinese nationals who have previously worked in the travel industry in China. Additionally, Teemu’s headquarters are located in Beijing, which is further evidence that the company is based in China.
Furthermore, Teemu has been successful in the Chinese market and has quickly become one of the most popular hotel booking apps in the country. In fact, Teemu was named the “Best Hotel Booking App” at the 2018 TravelDaily Awards in China.
This success suggests that Teemu is well-established in the Chinese market and has a strong presence there.
In conclusion, while it is true that Teemu has received investment from foreign venture capital firms and its website and app are available in multiple languages, there is evidence to suggest that Teemu is indeed a Chinese company. Its founders are all Chinese nationals who have previously worked in the travel industry in China, and its headquarters are located in Beijing. Additionally, Teemu has been successful in the Chinese market and has quickly become one of the most popular hotel booking apps in the country.
So, if you’re looking for a reliable hotel booking app, Teemu is definitely worth considering, regardless of where it’s from.
