Tuniu Corporation(途牛集团)

Fast facts

Year Founded
2008
HQ Location
Nanjing, Jiangsu, China
Publicly Traded?
Yes
Overseas Operations
Yes
US Sanctions
No
Military Affiliation in China
No

Revenue

USD 66.90 M

Valuation

USD 61.8 M
*Valuation is reported as market capitalization. It was last updated on June 26, 2022 13:49:44.

Employees

1916

This is the profile for a publicly listed company known as Tuniu Corporation. For the profile of the operating company associated with, but distinct from this company, click here: Tuniu.

Founded in 2006 in Nanjing, Tuniu is an online travel agency that provides services such as airline and raily ticketing, car rental, hotel reservations, and packaged tours. Tuniu established partnerships with over 30 independent local tour operators and provides reservations for travel products departing from over 420 cities. In 2014, Tuniu is listed on the NASDAQ Stock Exchange, selling 8 million shares at the price of $9 per share, raising in total of $72 million. In 2016, Tuniu repurchased up to $150 million worth of shares and Tuniu’s share price had fallen below opening price.

  • Dunde Yu ([于敦德](https://www.qcc.com/pl/p8b5cd3c8c48b74270db88c977800744.html)), Founder, Chairman and Chief Executive Officer
  • Kun Li, Director
  • Jie Zhu, Director
  • Haifeng Yan, Independent Director
  • Frank Lin ([林欣禾](https://www.qcc.com/pl/p09b342510a419c552a8b6cab72360b7.html)), Independent Director
  • Shiwei Zhou, Independent Director
  • Onward Choi (蔡安活), Independent Director
  • Jack Xu （许良杰）, Independent Director
  • Jiangtao Liu, Independent Director
  • Haijing Cheng, Independent Director

Tuniu Corporation is incorporated in Cayman Islands and listed on Nasdaq. Since the beginning, Tuniu has provided its services in international destinations, including the United States, Japan, European countries, and popular travel sites such as Maldives and Bali. In 2018, Tuniu announced its "Global Partnership Plan" which aims to partner with leading local tour operators at international destinations. Tuniu will offer a range of services such as access to the company's supply chain resources, customer base, financial assistance and technology support. Currently, the company has successfully cooperated with three partners in Japan, Thailand and the United States.

Tuniu Corporation Sanctions

While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies' affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company's full sanctions status.

Tuniu Corporation Reputational Disclosures

The most recent concern for Tuniu centers on its business performance. Due to the Covid-19 pandemic, Tuniu has experienced a sharp decline in travel demand and thus profits. The company has cut over 50% of its employees, and its tour group business declined 67.1% in Q1 2020, causing controversies and worries among the investors.

In 2021, Tuniu was accused of copyright infringements. In 2015, Tuniu was boycotted by 17 travel agencies in China over pricing disputes, which caused its stock prices drop by 4.7%.