Tuniu (NASDAQ: TOUR) reported Q2 EPS of ($0.52), $0.01 better than the analyst estimate of ($0.53). Revenue for the quarter came in at $244.9 million versus the consensus estimate of $227.97 million.

Tuniu also announced an investment for the majority stake in Beijing Global Tour International Travel Service Co.,Ltd ("Wuzhouxing"), a leading outbound packaged tour wholesaler in China. The transaction is expected to be completed in the third quarter of 2015.

Tuniu's investment in Wuzhouxing is a beneficial step in Tuniu's consolidation of China's travel industry supply chain. In addition to improving Tuniu's access to resources in the upstream travel supply chain, the investment is also expected to help Tuniu improve its capabilities in the direct procurement of products. In the future, the two companies plan to closely integrate their operations to unlock synergies for additional growth and profitability.

Wuzhouxing was founded in 1994 and is a leading packaged tour wholesaler in China. The company offers outbound and domestic tours to both online and offline retail travel agencies. Wuzhouxing's products cover over 100 countries and the company has more than 200 employees across its offices in Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu and Chongqing.

Mr. Donald Yu, Tuniu's co-founder, Chairman and Chief Executive Officer, said, "In the second quarter of 2015, our growth continued to be extremely strong with net revenue growing 111.9% year-over-year and our total number of trips exceeding 1 million. As we continue to rapidly expand our business, we are increasingly diversifying our portfolio of travel products. During the recent incidence of the MERS virus in South Korea, we were able to minimize the impact on our business while maintaining positive customer experiences. We are confident that Tuniu's diversification, both in terms of region and travel product type, mitigates the risk that the company may face from future market-specific events."

Mr. Alex Yan, Tuniu's co-founder, President and Chief Operating Officer, said, "Our regional expansion strategy continues to display superior results as contributions from regions where we have a local presence continue to rapidly grow. In the second half of this year, we will accelerate the pace of our regional expansion in order to capture the opportunities in local markets that can be enhanced through a regional presence. Additionally, our direct procurement products continue to gain traction with our customers, reaching 25% of our total gross merchandise value in the second quarter, as we continue to enrich our portfolio of products."

Mr. Conor Yang, Tuniu's Chief Financial Officer, said, "Our investment in Wuzhouxing is a positive step in Tuniu's consolidation of the travel industry supply chain in China. We are confident that Wuzhouxing's management team has the industry experience and expertise to continue to guide Wuzhouxing's continued growth. We are pleased to work with Wuzhouxing and integrate its operations to unlock synergies for our mutual benefit."

For earnings history and earnings-related data on Tuniu (TOUR) click here.