Tuniu (TOUR) Misses Q2 EPS by 27c

Tuniu Announces US$150 Million Share Repurchase Program

August 23, 2016 5:37 AM EDT

NANJING, China, Aug. 23, 2016 /PRNewswire/ -- Tuniu Corporation (NASDAQ: TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to US$150 million worth of its ordinary shares or American depositary shares representing ordinary shares over the next 12 months.

The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or... More

Tuniu Announces Unaudited Second Quarter 2016 Financial Results

August 23, 2016 5:34 AM EDT

NANJING, China, Aug. 23, 2016 /PRNewswire/ -- Tuniu Corporation (NASDAQ: TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced its unaudited financial results for the second quarter ended June 30, 2016.

Highlights for the Second Quarter of 2016

Total travel gross merchandise value ("GMV")[1], which includes gross booking from packaged tour products and the GMV of travel-related products, increased by 94.3% to RMB 4.5 billion (US$675.3 million[2]) year-over-year in the second quarter of 2016. Packaged tour gross bookings[3], which include organized tours and self-guided tours, increased... More