Xi’an Qujiang International Hotel Management Co., Ltd. announced that it will raise CNY 8 million in a equity round of funding on March 22, 2021. The transaction included participation from returning investor Xi'an Qujiang Cultural Tourism Co., Ltd. The transaction was approved by the board of directors in 40th session of the company’s 8th directorate. The company's registered capital will increase from CNY 9 million to CNY 17 million post transaction.