Online travel agency Tuniu has received a delisting warning from Nasdaq. Its closing price had been below US$1 for 30 consecutive business days. It is the second time that Tuniu has received such a warning.
Since Tuniu was listed in 2014, its share price has been sliding. In 2021, net revenue was down 5.3 percent and gross profit margin fell 7 percentage points. On April 19, Tuniu’s market value fell below US$100 million.
