Latest news with #Tuniu
Associated Press
23-05-2025
- Business
- Associated Press
Tuniu Announces Receipt of Minimum Bid Price Notice from Nasdaq
NANJING, China, May 23, 2025 /PRNewswire/ -- Tuniu Corporation (Nasdaq: TOUR) ('Tuniu' or the 'Company'), a leading online leisure travel company in China, today announced that it has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC ('Nasdaq') dated May 19, 2025, indicating that for the last 30 consecutive business days, the closing bid price for the Company's American depositary shares (the 'ADSs') was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1). The Nasdaq notification letter has no current effect on the listing or trading of the Company's securities on the Nasdaq Global Market. Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until November 17, 2025, to regain compliance under the Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the Company's ADSs is US$1.00 per share or higher for a minimum of ten consecutive business days, the Nasdaq will provide the Company written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance by November 17, 2025, subject to the determination by the staff of Nasdaq, the Company may be eligible for an additional 180-day compliance period. The Nasdaq notification letter will have no effect on the Company's business operations, and the Company will take all reasonable measures to regain compliance. About Tuniu Tuniu (Nasdaq: TOUR) is a leading online leisure travel company in China that offers integrated travel service with a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website and mobile platform. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit Safe Harbor Statement This press release contains forward-looking statements made under the 'safe harbor' provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'confident' and similar statements. Tuniu may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to fourth parties. Any statements that are not historical facts, including statements about Tuniu's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but are not limited to the following: Tuniu's goals and strategies; the growth of the online leisure travel market in China; the demand for Tuniu's products and services; its relationships with customers and travel suppliers; Tuniu's ability to offer competitive travel products and services; Tuniu's future business development, results of operations and financial condition; competition in the online travel industry in China; government policies and regulations relating to Tuniu's structure, business and industry; the impact of health epidemics on Tuniu's business operations, the travel industry and the economy of China and elsewhere generally; and the general economic and business condition in China and elsewhere. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tuniu does not undertake any obligation to update such information, except as required under applicable law. View original content: SOURCE Tuniu Corporation
Borneo Post
16-05-2025
- Business
- Borneo Post
AI applications boost smart tourism in China
An aerial drone photo taken on May 3, 2025 shows tourists visiting the Fuzimiao scenic area in Nanjing, east China's Jiangsu Province. People across China enjoy the ongoing May Day holiday in various ways. – Xinhua photo BEIJING (May 17): During this year's May Day holiday, Ms Liu from Shanghai finally made her long-awaited trip to southwest China's Yunnan Province, a tourism hotspot with largely pleasant weather and diverse culture and ecology. According to the Shanghai resident, AI made her trip more enjoyable and put her at ease. For many, researching travel information on transport, accommodation and must-see sites is quite a hassle, and Ms Liu was no exception. 'In the past, before every trip, I had to go to various platforms to look up many travel guides, carefully select the scenic spots I liked, and constantly check various flight and hotel information. 'It was so exhausting!' For her Yunnan trip this time, Liu gave AI apps a try. She said that by inputting travel time, budget, hobbies and some specific requirements, a detailed travel plan generated by AI was right in front of her within a few minutes. 'AI has helped me solve the big problem of making travel plans, and I also managed to book air tickets and hotels at reasonable prices. Making a travel plan has never been so efficient.' Like Liu, making travel plans and detailed guides with available AI models such as DeepSeek, Kimi, and ByteDance's Doubao, is all the rage now among the millions of tourists in the world's second-largest economy. With growing AI applications, customised travel itineraries are allowing more people to travel smart and boosting the growth of the smart tourism economy. Meanwhile, on social media platforms such as 'rednote', posts tagged 'DeepSeek travel guides' or 'AI-customised trips' are trending, further exposing the strength and speed of AI in making travel suggestions to more users. Many industry players are doubling down on this trend, with a growing number of tourism companies and scenic spots accelerating their AI-oriented transformation and focusing on the new landscape of smart tourism. In April, tourism platform Tuniu launched its AI travel assistant Xiaoniu, which leverages open-source AI models like DeepSeek to provide users with one-stop services including smart searches of air tickets, hotels and train ticket information, automatic price comparison, personalised recommendations, and bundled bookings. Tuniu CEO Yu Dunde said that people making travel plans used to spend quite a lot of time making repeated comparisons to get the best deals for air tickets and hotels. With Xiaoniu, users can get very clear and succinct recommendations within 10 seconds with the assistant's smart searches and comparisons. 'Users may also fine-tune their requirements and get their most suitable travel plans.' This year, tourism companies in the nation's scenic areas such as Huangshan Mountain and Lushan Mountain in east China, have announced their connection to DeepSeek, providing upgraded customer services in intelligent interactions and tour companion experiences, as virtual guide and augmented reality navigation give rise to increasing AI application scenarios in the tourism industry. In Xi'an, northwest China's Shaanxi Province, the Grand Tang Mall has introduced an interactive AI virtual assistant named 'Tang Xiaobao' to engage with tourists and provide travel services. At the digital exhibition hall of the Mogao Grottoes in Dunhuang, northwest China's Gansu province, visitors can wear VR glasses to visit the grottoes and view the murals up close, immersively. Visitors use VR to visit the Mogao Grottoes in Dunhuang, northwest China's Gansu Province on July 22, 2024. – Xinhua According to a China Academy of Information and Communications Technology report, the cultural and tourism sector ranks top among the country's services sector regarding AI adoption. It said that the expanding scope of AI applications stimulates and generates new growth points for tourism consumption. 'At present, the integration of tourism and AI is accelerating the restructuring of the service ecosystem. In terms of tourism services, AI-empowered personalised services are reshaping tourists' decision-making. 'At the same time, on the supply side, changes are more profound because the structure of the tourism sector's value chain is being reconstructed as a result of AI,' said Zhu Keli, a researcher with the China Institute of New Economy. Zhu believed that the next three to five years will be a critical period for AI to reshape the structure of the tourism industry. He added that enterprises that first transform and upgrade their businesses' organisation by embracing AI technologies to innovate their services will hopefully gain a first-mover advantage in defining new industry standards. A joint action plan issued in 2024 by multiple government departments, including the Ministry of Culture and Tourism, aims to significantly expand China's smart tourism economy by 2027 with upgraded infrastructure and enhanced management. 'AI-powered tourism holds vast potential, as it personalises travel experiences while boosting operational efficiency and innovation for businesses,' said Hong Yong, an expert of the digital-real economies integration Forum 50. However, challenges remain in the deep integration of AI and cultural tourism. One of them is the shortage of cross-disciplinary talents who can advance the deep integration of AI with the tourism business for sustainable commercialisation. Another challenge is adaptation costs, especially for small- and medium-sized tourism companies, which lack the capabilities to develop tailored services because generic AI solutions do not perfectly match their specific needs. – Xinhua
Hindustan Times
29-04-2025
- Hindustan Times
Tea towns to untouched villages, Japan to UAE: Budget trips that travellers in China are taking this May Day holiday
Trip numbers are set to reach a three-year post-Covid high during China's upcoming May Day public holidays, travel firms say. The holiday, which begins on May 1 and lasts for five days, is a prime time for travel, with pleasant spring weather making it more appealing than the wintery Lunar New Year break. Domestic travel in China has boomed since the end of the country's pandemic-era restrictions, but while more people are taking a holiday many are keeping a tight rein on spending amid an economic slowdown and concern about employment and wage stagnation. Liu Xiaoting, a 32-year-old bank employee, plans to travel to Hebei, a province close to her home in Beijing. "I'll drive with friends to Handan to visit the grottoes there," she said, adding that part of the appeal of the trip was the "minimal" spending required. "Hotels in Handan cost just 300 to 400 yuan ($41 - $55) even during the holiday. As the Chinese saying goes, we want to 'spend a little, accomplish a lot'." The tighter budgets have led to a surge in visits to more affordable smaller cities and villages, as well as road trips and camping holidays. Tuniu, a leading Chinese online travel agent, reported that as of mid-April, domestic travel bookings for the May Day holiday were more than double the same period last year. Beijing-based travel operator UTour Group said, as of April 15, the gross merchandise volume (GMV, a common measure of online sales) on its platform had increased by about 65% year-on-year. Travel information provider Umetrip also said that as of April 17, the number of domestic flight tickets booked for the May Day holiday was more than 3.33 million, marking a 36% increase compared to last year. International flight ticket bookings on Umetrip have risen by about 25%. International travel, meanwhile, is dominated by short-haul routes, with Japan and the UAE both emerging as popular destinations according to pre-holiday data. Even a warning last month from China's embassy urging Chinese travellers to enhance safety precautions and pay attention to personal and food hygiene does not seem to have deterred holidaymakers. "Japan has long-established a reputation of being clean, mature, and safe," said Su Shu, founder of Chinese firm Moment Travel in Chengdu. "Our tourists are not impacted by the warnings, especially those who have visited Japan before." Domestically, while metropolises like Beijing and Shanghai continue to attract visitors, county-level tourism is rapidly gaining traction. Group data shows that the popularity of searches for smaller cities has increased by 25% year-on-year, with growth rates 11 percentage points higher than in China's biggest cities. Searches for small and remote places such as Bortala, an autonomous prefecture in Xinjiang populated with ethnic minority Mongol people, and Puer, a famous tea-producing area in Yunnan, have surged by more than 50%, it said.
AsiaOne
29-04-2025
- AsiaOne
Surge in trips expected for Chinese holiday, but travellers keep budgets tight, China News
BEIJING/SHANGHAI — Trip numbers are set to reach a three-year post-Covid high during China's upcoming May Day public holidays, travel firms say. The holiday, which begins on May 1 and lasts for five days, is a prime time for travel, with pleasant spring weather making it more appealing than the wintery Lunar New Year break. Domestic travel in China has boomed since the end of the country's pandemic-era restrictions, but while more people are taking a holiday many are keeping a tight rein on spending amid an economic slowdown and concern about employment and wage stagnation. Liu Xiaoting, a 32-year-old bank employee, plans to travel to Hebei, a province close to her home in Beijing. "I'll drive with friends to Handan to visit the grottoes there," she said, adding that part of the appeal of the trip was the "minimal" spending required. "Hotels in Handan cost just 300 to 400 yuan (S$54 - S$72) even during the holiday. As the Chinese saying goes, we want to 'spend a little, accomplish a lot'." The tighter budgets have led to a surge in visits to more affordable smaller cities and villages, as well as road trips and camping holidays. Booking boom Tuniu, a leading Chinese online travel agent, reported that as of mid-April, domestic travel bookings for the May Day holiday were more than double the same period last year. Beijing-based travel operator UTour Group said, as of April 15, the gross merchandise volume (GMV, a common measure of online sales) on its platform had increased by about 65 per cent year-on-year. Travel information provider Umetrip also said that as of April 17, the number of domestic flight tickets booked for the May Day holiday was more than 3.33 million, marking a 36 per cent increase compared to last year. International flight ticket bookings on Umetrip have risen by about 25 per cent. International travel, meanwhile, is dominated by short-haul routes, with Japan and the UAE both emerging as popular destinations according to pre-holiday data. Even a warning last month from China's embassy urging Chinese travellers to enhance safety precautions and pay attention to personal and food hygiene does not seem to have deterred holidaymakers. "Japan has long-established a reputation of being clean, mature, and safe," said Su Shu, founder of Chinese firm Moment Travel in Chengdu. "Our tourists are not impacted by the warnings, especially those who have visited Japan before." Domestically, while metropolises like Beijing and Shanghai continue to attract visitors, county-level tourism is rapidly gaining traction. Group data shows that the popularity of searches for smaller cities has increased by 25 per cent year-on-year, with growth rates 11 percentage points higher than in China's biggest cities. Searches for small and remote places such as Bortala, an autonomous prefecture in Xinjiang populated with ethnic minority Mongol people, and Puer, a famous tea-producing area in Yunnan, have surged by more than 50 per cent, it said. [[nid:713793]]
Reuters
29-04-2025
- Reuters
Surge in trips expected for Chinese holiday, but travellers keep budgets tight
BEIJING/SHANGHAI, April 29 (Reuters) - Trip numbers are set to reach a three-year post-COVID high during China's upcoming May Day public holidays, travel firms say. The holiday, which begins on May 1 and lasts for five days, is a prime time for travel, with pleasant spring weather making it more appealing than the wintery Lunar New Year break. Domestic travel in China has boomed since the end of the country's pandemic-era restrictions, but while more people are taking a holiday many are keeping a tight rein on spending amid an economic slowdown and concern about employment and wage stagnation. Liu Xiaoting, a 32-year-old bank employee, plans to travel to Hebei, a province close to her home in Beijing. "I'll drive with friends to Handan to visit the grottoes there," she said, adding that part of the appeal of the trip was the "minimal" spending required. "Hotels in Handan cost just 300 to 400 yuan ($41 - $55) even during the holiday. As the Chinese saying goes, we want to 'spend a little, accomplish a lot'." The tighter budgets have led to a surge in visits to more affordable smaller cities and villages, as well as road trips and camping holidays. BOOKING BOOM Tuniu, a leading Chinese online travel agent, reported that as of mid-April, domestic travel bookings for the May Day holiday were more than double the same period last year. Beijing-based travel operator UTour Group said, as of April 15, the gross merchandise volume (GMV, a common measure of online sales) on its platform had increased by about 65% year-on-year. Travel information provider Umetrip also said that as of April 17, the number of domestic flight tickets booked for the May Day holiday was more than 3.33 million, marking a 36% increase compared to last year. International flight ticket bookings on Umetrip have risen by about 25%. International travel, meanwhile, is dominated by short-haul routes, with Japan and the UAE both emerging as popular destinations according to pre-holiday data. Even a warning last month from China's embassy urging Chinese travellers to enhance safety precautions and pay attention to personal and food hygiene does not seem to have deterred holidaymakers. "Japan has long-established a reputation of being clean, mature, and safe," said Su Shu, founder of Chinese firm Moment Travel in Chengdu. "Our tourists are not impacted by the warnings, especially those who have visited Japan before." Domestically, while metropolises like Beijing and Shanghai continue to attract visitors, county-level tourism is rapidly gaining traction. Group ( opens new tab data shows that the popularity of searches for smaller cities has increased by 25% year-on-year, with growth rates 11 percentage points higher than in China's biggest cities. Searches for small and remote places such as Bortala, an autonomous prefecture in Xinjiang populated with ethnic minority Mongol people, and Puer, a famous tea-producing area in Yunnan, have surged by more than 50%, it said. ($1 = 7.2747 Chinese yuan renminbi)
