It's always exciting reading about emerging startups winning funding and recognition from big-name investors, and more so during the COVID-19 pandemic, when many travel startups are either collapsing or shrinking. Such a win will surely draw more attention and further assert a company's value proposition, regardless of the actual amount raised.

Hotelmize, an Israel-based artificial intelligence startup focusing on hotel repricing technologies, announced earlier it received an undisclosed sum of funding from investors including Chinese e-commerce powerhouse Alibaba's entrepreneurs fund in its Series B round.

The not-for-profit Alibaba Hong Kong Entrepreneurs Fund aims to "empower startups and young entrepreneurs" in the city, and Hotelmize has pledged that it will establish its Asia Pacific headquarters in Hong Kong, with mainland China as a target market as well.

More information here.