Co-founder and chief executive officer Gareth Williams told the Financial Times that the new capital will give some of its shareholders more liquidity, allowing them to sell some of their shares without fully exiting. In the past three years Skyscanner has made several inroads into Asia, striking partnerships with Baidu, China’s largest search engine, and Yahoo! Japan; opening three offices (two in China and one in Singapore); and acquiring a Chinese travel search startup called Youbibi to increase its presence there. The site is now used by 50 million people every month, but it also faces a long list of competitors around the world, including Kayak, Expedia, and Chinese companies Qunar and Ctrip. Google is also a major rival with products like Google Flights, which it launched after acquiring flight information software startup ITA Software in 2010. Get the full story at TechCrunch and Skift,