olivLaw · US equity research
Tuniu Corporation TOUR
Transportation Services · SIC 4700 · Vertical: Transportation Services (SIC 4700)
Tuniu is an online leisure travel company in China that sells organized and self-guided tours and related travel services to leisure travellers. It returned to profit in fiscal 2025 after a loss in 2023, and its own-brand tour revenues grew strongly, but operating cash flow turned negative. The company could be affected by regulatory uncertainty around its VIE structure and by the risk of its ADSs being delisted from Nasdaq.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Tuniu Corporation (TOUR) stock was 4.73 USD (−0.96% on the day), with market capitalisation 1.5 bn USD, P/E 473.0 on diluted EPS of 0.01 USD over the last 12 months, dividend yield 0.27%, beta 0.55, 52-week range 4.56–8.60 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 41.2
- weak (30–45)
- Bollinger (20, 2)
- 4.62 – 5.06
- in the lower half of the band · %B 0.25 · band width 9.0%
- SMA 50 / 200
- 4.96 / 5.76
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.07 / -0.07
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −4.1% | −1.1% | −3.0 pp | — |
| 3 months | −9.0% | −0.5% | −8.6 pp | — |
| 6 months | −21.7% | +4.4% | −26.1 pp | — |
| Year to date | −23.7% | +12.3% | −36.0 pp | — |
| 1 year | −41.0% | +13.5% | −54.6 pp | −0.4% |
| 3 years | −43.7% | +76.4% | −120.1 pp | +27.8% |
| 5 years | −64.7% | +63.7% | −128.4 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 50 percentile of its own 2-quarter history (min 340.0, median 480.0, max 620.0; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 325.8 m | 327.6 m | 69.0 m | 66.9 m | 26.6 m | 62.2 m | 70.4 m | 82.6 m |
| Revenue YoY | −3.3% | +0.6% | −78.9% | −3.0% | −60.2% | +133.4% | +13.2% | +17.5% |
| Net income | -27.0 m | -99.8 m | -200.5 m | -19.1 m | -28.0 m | -14.0 m | 10.6 m | 4.5 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | −57.9% |
| Diluted EPS | unavailable | unavailable | unavailable | -0.05 | -0.08 | -0.04 | 0.03 | 0.01 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | −66.7% |
| net % | -8.3% | -30.4% | -290.5% | -28.5% | -105.3% | -22.5% | 15.0% | 5.4% |
| Free cash flow | 21.6 m | -34.9 m | -205.6 m | -37.8 m | -21.7 m | 31.4 m | 11.6 m | -16.6 m |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 29.6 m USD
- Financial debt
- 5.0 k USD
- Net debt
- -29.6 m USD
- Equity
- 137.0 m USD
- Total assets
- 228.8 m USD
- Debt / equity
- 0.00x
- Current ratio
- 2.04x
- ROE
- 3.2%
- ROA
- 1.8%
- FCF margin
- -20.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 69.0 m | 66.9 m | 26.6 m | 62.2 m | 70.4 m | 82.6 m | SEC (XBRL)· 20 Apr 2026verified |
| Cost of revenue | 36.3 m | 40.0 m | 13.6 m | 20.8 m | 21.3 m | 34.7 m | SEC (XBRL)· 20 Apr 2026verified |
| Gross profit | 32.7 m | 26.9 m | 13.0 m | 41.4 m | 49.1 m | 47.9 m | SEC (XBRL)· 20 Apr 2026verified |
| Research & development | 15.4 m | 8.6 m | 7.4 m | 8.0 m | 7.2 m | 8.4 m | SEC (XBRL)· 20 Apr 2026verified |
| Operating income | -205.5 m | -28.5 m | -30.5 m | -14.3 m | 8.7 m | 1.6 m | SEC (XBRL)· 20 Apr 2026verified |
| Interest expense | 4.9 m | 1.2 m | 712.0 k | 496.0 k | 455.0 k | 289.0 k | SEC (XBRL)· 20 Apr 2026verified |
| Pre-tax income | -207.1 m | -20.3 m | -29.6 m | -14.0 m | 11.4 m | -4.4 m | SEC (XBRL)· 20 Apr 2026verified |
| Income tax | -1.0 m | 20.0 k | -106.0 k | 203.0 k | 115.0 k | 204.0 k | SEC (XBRL)· 20 Apr 2026verified |
| Net income | -200.5 m | -19.1 m | -28.0 m | -14.0 m | 10.6 m | 4.5 m | SEC (XBRL)· 20 Apr 2026verified |
| Diluted EPS | — | -0.05 | -0.08 | -0.04 | 0.03 | 0.01 | SEC (XBRL)· 20 Apr 2026verified |
| Weighted average diluted shares | 370.2 m | 370.9 m | 371.2 m | 371.5 m | 363.7 m | 343.0 m | SEC (XBRL)· 20 Apr 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 32.7 m | 54.8 m | 22.3 m | 53.4 m | 63.7 m | 29.6 m | SEC (XBRL)· 20 Apr 2026verified |
| Receivables | 40.5 m | 17.6 m | 4.9 m | 5.9 m | 5.9 m | 9.6 m | SEC (XBRL)· 20 Apr 2026verified |
| Current assets | 350.1 m | 231.5 m | 174.0 m | 212.4 m | 164.9 m | 185.4 m | SEC (XBRL)· 20 Apr 2026verified |
| Property, plant & equipment, net | 17.1 m | 15.4 m | 12.4 m | 8.1 m | 4.5 m | 2.7 m | SEC (XBRL)· 20 Apr 2026verified |
| Goodwill | 36.4 m | 33.6 m | 16.2 m | 0 | — | — | SEC (XBRL)· 29 Apr 2024verified |
| Intangibles (excl. goodwill) | 10.9 m | 8.7 m | 4.4 m | 3.7 m | 3.0 m | 2.8 m | SEC (XBRL)· 20 Apr 2026verified |
| Total assets | 489.9 m | 360.6 m | 272.3 m | 276.1 m | 261.6 m | 228.8 m | SEC (XBRL)· 20 Apr 2026verified |
| Accounts payable | 108.2 m | 60.2 m | 38.0 m | 44.7 m | 39.7 m | 31.4 m | SEC (XBRL)· 20 Apr 2026verified |
| Short-term debt | 9.3 m | 1.6 m | 1.1 m | 1.0 m | 5.0 k | 5.0 k | SEC (XBRL)· 20 Apr 2026verified |
| Long-term debt | 3.5 m | 2.3 m | 1.7 m | 1.5 m | — | — | SEC (XBRL)· 29 Apr 2024verified |
| Current liabilities | 267.4 m | 153.6 m | 112.3 m | 135.1 m | 122.4 m | 91.0 m | SEC (XBRL)· 20 Apr 2026verified |
| Total liabilities | 278.8 m | 163.9 m | 118.8 m | 138.1 m | 123.4 m | 91.8 m | SEC (XBRL)· 20 Apr 2026verified |
| Equity | 206.9 m | 192.4 m | 149.5 m | 134.2 m | 138.2 m | 137.0 m | SEC (XBRL)· 20 Apr 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -201.2 m | -35.5 m | -20.7 m | 32.8 m | 13.2 m | -15.6 m | SEC (XBRL)· 20 Apr 2026verified |
| Capex | 4.3 m | 2.3 m | 935.0 k | 1.4 m | 1.6 m | 1.0 m | SEC (XBRL)· 20 Apr 2026verified |
| Free cash flow | -205.6 m ≈ | -37.8 m ≈ | -21.7 m ≈ | 31.4 m ≈ | 11.6 m ≈ | -16.6 m ≈ | SEC (XBRL)· 20 Apr 2026derived |
| Investing cash flow | 177.6 m | 110.4 m | -7.5 m | 5.8 m | 3.7 m | 698.0 k | SEC (XBRL)· 20 Apr 2026verified |
| Financing cash flow | -32.1 m | -54.1 m | -70.0 k | -3.2 m | -10.1 m | -22.9 m | SEC (XBRL)· 20 Apr 2026verified |
| Dividends paid | — | — | — | — | — | 4.3 m | SEC (XBRL)· 20 Apr 2026verified |
| Share repurchases | 47.0 k | — | — | — | 6.2 m | 7.3 m | SEC (XBRL)· 20 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 37 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 1.5 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation6
- Returns11
- Quality29
- Balance sheet77
- Growth100
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.09 – 0.45 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the base of the ratio is not positive
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E0.09 – 0.45 (Mid 0.19)8 companies used · median multiple 18.6x · quartiles 9.4x – 45.3xBKNG, EXPE, GATX, GXO, HAFN, MMYT, VRRM, XPO
- Dividend discount (DDM)unavailable · input data missing
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 37/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 1.5% | 33 (vs peers) | 16% |
| Net margin · Quality | 5.4% | 50 (vs peers) | 9% |
| FCF conversion · Quality | -373.2% | 0 (on a fixed band) | 9% |
| Revenue CAGR 3Y · Growth | 45.9% | 100 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 5.6x | 62 (on a fixed band) | 9% |
| Current ratio · Balance sheet | 2.0x | 100 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 473.0x | 11 (vs peers) | 16% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -1.1% | 0 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 0.7% | 11 (on a fixed band) | 9% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet77/100 · 2/3 factors with a value
- Growth· partial100/100 · 1/2 factors with a value
- Quality29/100 · 3/3 factors with a value
- Returns· partial11/100 · 1/2 factors with a value
- Valuation6/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Tuniu Corp (TOUR). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 82.6 m USD in 2025; YoY growth 17.5%; net margin 5.4%; ROE 3.0%.
The estimated value range is 0.09–0.45 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 0.19 USD, the price of 4.73 USD leaves a potential of -96.1% (value / price − 1) and a margin of safety of -2,436.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 37/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 45.9%
- Current ratio: 2.0x
What contradicts it
- FCF conversion: -373.2%
- P/E (TTM): 473.0x
- FCF yield: -1.1%
- Shareholder yield (distributions): 0.7%
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Transportation Services (SIC 4700) · same industry (4-digit SIC) · compared with 14 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BKNGBooking Holdings Inc. | 127.2 bn | 1.0 | — | — | +13.4% | −13% / +37% |
| EXPEExpedia Group, Inc. | 36.2 bn | 19.7 | 199.1% | 13.0% | +7.6% | +24% / +132% |
| XPOXPO, Inc. | 21.9 bn | 44.3 | 26.5% | 5.7% | +1.1% | +32% / +118% |
| GATXGATX Corporation | 6.7 bn | 17.6 | 14.2% | 17.7% | +9.8% | +19% / +75% |
| GXOGXO Logistics, Inc. | 6.4 bn | 48.4 | 4.6% | 1.0% | +12.5% | +12% / +1% |
| HAFNHafnia Limited | 4.9 bn | 6.5 | 34.5% | 27.0% | +7.4% | +64% / unavailable |
| RXORxo, Inc. | 4.7 bn | — | -5.7% | -1.3% | +26.2% | +115% / +35% |
| LINDLindblad Expeditions Holdings, Inc. | 2.2 bn | 8,279.1 | — | 0.7% | +19.6% | +179% / +327% |
| TOURTuniu Corp | 1.5 bn | 473.0 | 3.0% | 5.4% | +17.5% | −41% / −44% |
| SPCEVirgin Galactic Holdings, Inc. | 380.5 m | — | -75.1% | -23,867.4% | −78.1% | −35% / −94% |
| VRRMVerra Mobility Corporation | 377.0 m | 10.4 | 11.3% | 33.2% | +14.6% | −89% / −88% |
| PALProficient Auto Logistics, Inc. | 82.5 m | — | -13.0% | — | unavailable | −64% / unavailable |
| NTRPNextTrip, Inc. | 18.1 m | — | -296.7% | -319.8% | +641.0% | −68% / −68% |
| YTRAMagna Holdings Ltd. | — | — | -2.0% | -1.3% | +85.2% | −50% / −43% |
| MMYTMakeMyTrip Ltd | — | 61.1 | 8.2% | 9.7% | +25.0% | −29% / +20% |
1- and 3-year price returns: for TOUR from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 4.20 Total return -11% · Per year -11% | 7.39 Total return 56% · Per year 56% | 11.09 Total return 134% · Per year 134% |
| 3 years | 4.98 Total return 5% · Per year 2% | 9.78 Total return 107% · Per year 27% | 15.97 Total return 238% · Per year 50% |
| 5 years | 5.91 Total return 25% · Per year 5% | 12.93 Total return 173% · Per year 22% | 22.99 Total return 386% · Per year 37% |
- Exit P/E± 2.44
- Net margin± 1.71
- Annual revenue growth± 1.28
- Annual dilution± 0.14
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 20 Apr 2026; since then the company filed 6-K (25 Aug 2026), 6-K (05 Jun 2026), 6-K (07 May 2026), 6-K (23 Apr 2026).
In brief
Tuniu is an online leisure travel company in China that sells organized and self-guided tours and related travel services to leisure travellers. It returned to profit in fiscal 2025 after a loss in 2023, and its own-brand tour revenues grew strongly, but operating cash flow turned negative. The company could be affected by regulatory uncertainty around its VIE structure and by the risk of its ADSs being delisted from Nasdaq.
SWOT
Strengths
- A recognised brand in leisure travel and a growing customer base that support sourcing products from suppliers.
- A proprietary supplier management and booking system that could reduce coordination costs and improve quality control.
- Proprietary guides and user-generated content that attract traffic and support customer purchase decisions.
Weaknesses
- A history of net losses and high sensitivity of sales and marketing spending relative to total revenues.
- Negative operating cash flow in the latest fiscal year, which could limit funding of the business without external resources.
- Reliance on a contractual VIE structure, which gives less direct control than ownership of the operating entities.
Opportunities
- Expanding the own-brand Niu Tour business, where the company has more control over quality and could capture more value.
- Developing mobile travel services and exclusive offers for app users, which could increase customer retention.
- Partnerships with tourism boards and suppliers for advertising services and new products.
Threats
- Regulatory risks for the VIE structure and for restrictions on foreign investment in online services in China.
- The risk that the ADSs could be barred from trading in the United States if the auditor cannot be inspected as required.
- Intense competition from large platforms and local agencies, which could affect pricing and market share.
Risks
- VIE structurehigh
If Chinese authorities find that the contractual arrangements do not comply with rules, the company could face penalties or be forced to change how it operates.
- ADS delistinghigh
If inspections of the auditor cannot be carried out, the ADSs could be prohibited from trading in the United States, which would affect the value of the investment.
- Cash flowmedium
Cash used in operations in the latest fiscal year could limit the company's ability to fund growth without external resources.
- Travel industry disruptionmedium
Declines in the travel industry, epidemics or natural disasters could reduce demand and disrupt tour planning.
- Data and cybersecuritylow
Improper use or disclosure of customer data could bring sanctions and damage the company's reputation.
Investment thesis
What would need to be true (bull case)
- The return to profit and strong growth in the own-brand Niu Tour business could signal better revenue quality if the trend holds.
- An ecosystem of content, guides and customer service could support loyalty, particularly in higher-value tour segments.
- If demand for leisure travel keeps growing, the company could benefit from higher volumes without a proportional rise in fixed costs.
What would break the thesis
- The VIE structure remains a major source of legal uncertainty, which could seriously affect ADS holders.
- Negative operating cash flow and heavy sales and marketing spending could limit the sustainability of profitability.
- Competition with larger platforms and local agencies could force price cuts and loss of market share.
What to watch
- Trend in Niu Tour revenues and gross margin on the own-brand modelnext 10-K
- Operating cash flow after the fiscal 2025 year2026
- Effect of corrections in the audited statements on equity and treasury stocknext 10-K
- Listing status of the ADSs after the ratio change and transfer to Nasdaq Capital Market2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 20 Apr 2026; since then the company filed 6-K (25 Aug 2026), 6-K (05 Jun 2026), 6-K (07 May 2026), 6-K (23 Apr 2026).
The business
Tuniu offers organized and self-guided tours and related services for leisure travellers in China through its tuniu.com website and mobile apps. The platform includes travel guides, customer reviews and a proprietary supplier management system, N-Booking, that connects customers with travel suppliers. The company combines online sales with a call centre in Nanjing and offline retail stores across China.
Operations are conducted through contractually controlled PRC entities, while the holding company is incorporated in the Cayman Islands, so ADS holders do not hold direct equity in the operating entities. This structure is central to the business model but carries significant regulatory risks described in the company's filings.
For revenue purposes, most packaged tour sales are recognised on a net basis as agent, except for the own-brand Niu Tour business, where the company acts as principal and recognises gross revenues. This accounting distinction directly affects reported revenues and costs.
Segments
Organized and self-guided tours
This is the main revenue generator, covering organized tours, including local weekend getaways, and self-guided tours made up of flight and hotel combinations. Tour revenues rose in fiscal 2025, mainly driven by the own-brand Niu Tour business, which runs on a self-operated or OEM local tour model.
Other travel services and advertising
This segment includes commissions on attraction tickets, visa services, accommodation and transport tickets, as well as advertising services for tourism boards and bureaus. Revenues from these services declined in fiscal 2025, reflecting a smaller share of total revenues.
Market context
The company operates in China's leisure travel market, where it competes for customers with large online platforms and traditional agencies. Demand depends on domestic consumption, destination availability and travel conditions, and revenues are sensitive to seasonality and industry disruptions.
The market is also shaped by rules on internet and online commerce and by the framework for foreign investment in value-added telecommunications services. These rules may change how the company can operate and may affect foreign investors' access to the model.
Trends
- Recovery in travel demandtailwind
Growing demand for leisure travel could support tour volumes and package revenues, particularly for the own-brand Niu Tour business.
- Pressure on cost marginsheadwind
Sales and marketing costs have grown relative to revenues, which could limit gains in profitability if the trend continues.
- Growth of the own-brand modelmixed
Acting as principal lifts gross revenues but also adds direct costs and exposure to supplier prepayments and inventory-type risk.
- Data and internet regulationmixed
Legal requirements on data protection and cybersecurity could raise compliance costs, although they may also create barriers for smaller competitors.
Competitive position
Tuniu competes in China's online travel booking market with very large platforms that offer wider product selections and bigger marketing budgets. The company differentiates itself through proprietary guides, user-generated content and tour advisory services.
Competitive pressure also comes from traditional agencies and from platforms that bundle flights, hotels and tickets, which could limit Tuniu's ability to keep prices attractive and customers loyal.
- Trip.com GroupTCOM
Large Chinese travel platform, named in Tuniu's filings as a former shareholder and a competitor in online travel.
- JD.comJD
Chinese e-commerce company that was a shareholder of Tuniu and could compete through adjacent consumer services.
- Traditional travel agencies
Offline agencies and local tour operators that compete for the same leisure travel customers.
- Local online travel platforms
Regional booking apps and websites that compete on price, selection and customer experience.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Tuniu (TOUR) Q2 2026 Earnings Call TranscriptYahoo Finance — News · 01 Sept 2026 · EN
- Tuniu (TOUR) Grew Packaged-Tour Revenue but Swung to an Operating Loss. What Went Wrong With Margins?Yahoo Finance — News · 27 Aug 2026 · EN
- Tuniu Q2 Earnings Call HighlightsYahoo Finance — News · 25 Aug 2026 · EN
SEC filings
- Current report (foreign issuer)25 Aug 2026
- Current report (foreign issuer)05 Jun 2026
- Current report (foreign issuer)07 May 2026
- Current report (foreign issuer)23 Apr 2026
- Annual report (foreign issuer)20 Apr 2026
- Current report (foreign issuer)20 Mar 2026
- Current report (foreign issuer)05 Mar 2026
- Current report (foreign issuer)05 Dec 2025
- Current report (foreign issuer)21 Nov 2025
- Current report (foreign issuer)15 Aug 2025
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Tuniu Corporation · 20 Apr 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.