tuniu

China’s startup scene has been exploding with ever-larger funding rounds. But industry insiders – and SEC documents – suggest that the big numbers you see in the press aren’t always the truth.

Tuniu, a NASDAQ-listed Chinese travel and tourism site, announced today it has secured a US$500 million investment led by ecommerce giant JD.

Chinese online travel site Tuniu may be in big trouble after 17 major international tour providers announced a boycott of the site starting in July.

JD and Hony each contributed US$50 million, while Ctrip, one of Tuniu’s rivals in China’s travel market, pitched in US$15 million.

The battle for China’s international tourism market online heats up, as LY.com has responded to Tuniu’s attempt to squeeze its partners with a strong statement of intent.

When it comes to online travel, China is different. Chinese tourists, by and large, don’t like forging their own path, preferring instead to travel in tour groups with carefully-planned itineraries

In China, some of the biggest tech companies still aren’t turning profits, instead emphasizing investments, R&D, marketing, and, of course, user acquisition.

China’s travel booking market has consolidated down to a few major players, but what travelers do once they arrive is a sector that’s still up for grabs.

China’s IPO season looks to be in full swing as the latest company from China files with the SEC, packaged travel tour website Tuniu.

Tuniu, a travel/tours booking site based in China, has revealed today that it’s secured $60 million in series D funding. The new investment is led by Singapore’s Temasek and US-based