Chinese travel site Tuniu’s Q3 earnings: net loss increases three-fold from last year, one of China’s leading leisure travel platforms, has announced its third quarter results. Its net revenue increased by 127.5% year-on-year to RMB three billion (USD 469.4 million). Significantly, it operated at a net loss of RMB 433.7 million, a three-fold increase from RMB 103.4 million last year.

Gross bookings including organized tours and self-guided tours increased by 122.2% to RMB four billion. Over 70% of the orders it received were from mobile devices.

This quarter, Tuniu added 55 regional service centers, and an additional ten since then. Yesterday, Hainan Airlines announced that it is investing RMB 500 million to become the largest shareholder of Tuniu.

Tuniu ctrip Q3 revenue comparison
A comparison of the Q3 earnings of Tuniu and Ctrip, one of China’s biggest online travel companies
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