Welcome to our dedicated page for Tuniu news (Ticker: TOUR), a resource for investors and traders seeking the latest updates and insights on Tuniu stock.
Tuniu Corporation reports developments for an online leisure travel business in China, where the company sells packaged tours, organized tours, self-guided tours and related travel services through its website, mobile platform and offline service network. Its updates commonly cover unaudited quarterly and annual results, package-tour revenue trends, product and technology spending, and operations across customer service centers, retail stores and self-operated local tour operators.
Company announcements also address matters tied to its American depositary shares, including ADS ratio changes, cash dividends to ADS and ordinary-share holders, annual Form 20-F reporting, and Nasdaq listing compliance. These items reflect Tuniu's status as a foreign issuer with ADSs traded under TOUR.
Tuniu Corporation (NASDAQ: TOUR) reported its unaudited financial results for Q2 2020, revealing net revenues of RMB34.0 million (US$4.8 million), a staggering 93.5% drop year-over-year, largely due to COVID-19 impacts. Packaged tour revenues fell by 97.1%, while other revenues declined by 76.4%. Despite this, the company noted a sequential decrease in operating expenses by 63.4% to RMB158.1 million (US$22.4 million). Tuniu anticipates net revenues between RMB85.3 million and RMB170.5 million for Q3 2020, reflecting an expected 80-90% year-over-year decline but a significant quarter-over-quarter improvement.
Tuniu Corporation (NASDAQ: TOUR), a leading online leisure travel company in China, plans to release its unaudited financial results for Q2 2020 on August 28, 2020, prior to market opening. An earnings conference call is scheduled for the same day at 8:00 AM ET. The call will provide insights into Tuniu's performance, covering updates on packaged tours and services offered across over 420 departing cities in China. A replay will be available through September 3, 2020.
Tuniu Corporation (Nasdaq: TOUR), a leading online travel company in China, announced that it has regained compliance with Nasdaq's Minimum Bid Price Requirement. This follows a notification received from Nasdaq on June 26, 2020, confirming compliance after the company's American depositary shares maintained a closing bid price of at least $1.00 for ten consecutive business days from June 12 to June 25, 2020. The prior deficiency notice had been issued on May 18, 2020, citing the stock's price falling below the $1.00 minimum for 30 consecutive days.