Business Intelligence on Retailing, Franchising, and Consumerism in China


Chinese E-commerce Provider Becomes Largest Shareholder Of Tuniu.com

Chinese B2C e-commerce provider JD.com and Internet tourism website Tuniu.com jointly announced that Tuniu.com has received total new investments of USD500 million, including USD350 million from JD.com.

The USD350 million from JD.com will be divided into two parts: USD250 million in cash and USD100 million in resources and operating support. With the investment, JD.com will gain a 27.5% stake in Tuniu.com, making it the largest shareholder of the tourism website. In addition, JD.com will gain one position in the board of directors of Tuniu.com. The transaction is expected to be closed in the second quarter of 2015.

Under the agreement between JD.com and Tuniu.com, Tuniu.com will gain a five-year commission-free exclusive operating right to the tourism channel of JD.com to sell its tourism services, cruises, visa services, train tickets, and car rental products and services. Meanwhile, Tuniu.com will become the preferential partner for airline ticket and hotel businesses on JD.com. Moreover, JD.com will provide extensive operating support to Tuniu.com, including big data, financial services, Web traffic, and other operating resources.

Tuniu.com's other investors include Hony Capital with USD80 million investment, DCM with USD20 million investment, Ctrip.com with USD20 million investment, Temasek with USD20 million investment, and Sequoia Capital with USD10 million investment.







Image Credit: Kiwisoul


Be the first to comment on "Chinese E-commerce Provider Becomes Largest Shareholder Of Tuniu.com"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaSourcingNews.com:

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco