Tuniu Corporation
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsTuniu Corporation is a Cayman Islands-incorporated, Nasdaq-listed online leisure travel company operating primarily in China through its VIE, Nanjing Tuniu Technology Co., Ltd.
What they do
Tuniu operates an online platform for leisure travel in China, selling packaged tours and related travel products. The company conducts its business primarily in China, with almost all revenues denominated in Renminbi, through Tuniu Corporation, its subsidiaries, and its consolidated variable interest entity, Nanjing Tuniu. Its ADSs trade on the Nasdaq Capital Market under the symbol TOUR, with each ADS representing three Class A ordinary shares.
Revenue drivers
- Packaged tours and travel products — Tuniu describes itself as an online leisure travel company; its revenue comes from selling travel products in China, though the filing excerpt provided does not break out revenue by segment or product line.
Recent performance
Revenue rose from $26.6 million in 2022 to $62.2 million in 2023, $70.4 million in 2024, and $82.6 million in 2025. Net income turned positive at $10.6 million in 2024 before declining to $4.5 million in 2025. Diluted EPS was $0.03 in 2024 and $0.01 in 2025. Operating cash flow was $13.2 million in 2024 but negative $15.6 million in 2025. At December 31, 2025, total assets were $228.8 million, total liabilities $91.8 million, and shareholder equity $147.3 million.
Strategy
The excerpt provided does not include a management discussion of strategy, so no specific strategic priorities, investments, or initiatives can be summarized from the source material.
Risks
- Dependence on the VIE structure — Tuniu's operations are conducted through a consolidated variable interest entity, Nanjing Tuniu, exposing investors to structural risks common to China-based issuers.
- Foreign exchange and capital controls — Almost all revenues are denominated in Renminbi and the PRC government imposes controls over foreign currency conversion, which could affect the company's ability to make distributions.
- Recent operating cash outflow — Operating cash flow was negative $15.6 million in 2025, reversing the positive $13.2 million generated in 2024.
- Declining profitability — Net income fell to $4.5 million in 2025 from $10.6 million in 2024.
Outlook
The excerpt provided does not include forward-looking guidance or management commentary on future expectations, so no outlook can be summarized from the source material.