NANJING, China, Oct. 23,
2018 /PRNewswire/ -- Tuniu Corporation (Nasdaq:TOUR)
("Tuniu" or the "Company"), a leading online leisure travel company
in China, today shared recent
updates to Difeng Cloud ("Difeng"), Tuniu's S2B2C distribution
business, and announced a range of strategic initiatives including
a new branding campaign and new services and features implemented
on the platform.
Mr. Donald Dunde Yu, Tuniu's founder, Chairman and Chief
Executive Officer, said, "Difeng is one of the most important
channels in Tuniu's sales network. By working with over 33 thousand
distributors throughout China,
Difeng has helped Tuniu efficiently penetrate into lower tier
cities. Our distribution system has been able to maintain its high
growth momentum due to its ability to connect distributors with the
right suppliers and to offer a complete suite of travel products
and services. By maximizing the use of technology and data, Difeng
will utilize a S2B2C model to serve as a one-stop platform
connecting supply with demand within the leisure travel market. By
continuing to grow our distribution capabilities, Tuniu is able to
efficiently reach more travelers in China and strengthen our overall bargaining
power."
Tuniu launched Difeng in September
2015. Benefiting from Tuniu's overall emphasis on direct
procurement and deeper integration with the supply chain, Difeng
was able to rapidly scale by offering Tuniu's products and
resources to other distributors within the leisure travel industry.
Difeng currently offers travel products including both packaged
tours and other travel-related products such as long tailed
products, air ticketing, hotel reservations, attraction tickets,
visa applications and insurance products. During the nine months
ending on September 30, 2018, GMV
generated from Difeng reached RMB 2.8
billion.
Difeng also launched distribution capabilities for inventories
of chartered flights and hotels in order to help suppliers and
distributors with inventory management and procurement. Chartered
flight seat inventories are inflexible and can potentially result
in inventory loss for the distributor. By leveraging Difeng's
capabilities, distributors are able to significantly lower their
inventory risks. Similarly, traditional hotel room distributors
have limited hotel coverage, slow response speed and low
compensation rules. To address these problems, Difeng worked with
over one million hotels across 170 destinations around the world to
develop its own hotel distribution system. The two new product
distribution channels have grown rapidly since their inceptions.
The cumulative GMV for Difeng's chartered flight distribution has
reached over RMB 1 billion. For hotel
distribution, Difeng aims to cumulatively distribute two million
room nights by the end of 2019.
In addition to providing travel products, Difeng also offers
other value-added services to both suppliers and distributors.
Tuniu partners with a number of suppliers to procure key resources
together. The company also provides credit loans to small- and
medium-sized distributors based on their previous history working
with Tuniu. Additionally, Difeng also integrated a number of
specialized tools and features into its platform. Innovative tools
such as dynamic packaging technology and marketing solutions such
as tools for WeChat mini apps and social marketing all help
Difeng's partners grow.
About Tuniu
Tuniu (Nasdaq: TOUR) is a leading online leisure travel company
in China that offers a large
selection of packaged tours, including organized and self-guided
tours, as well as travel-related services for leisure travelers
through its website tuniu.com and mobile platform. Tuniu has over
2,000,000 stock keeping units (SKUs) of packaged tours, covering
over 420 departing cities throughout China and all popular destinations worldwide.
Tuniu provides one-stop leisure travel solutions and a compelling
customer experience through its online platform and offline service
network. For more information, please visit
http://ir.tuniu.com.
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;
the Company'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; relevant
government policies and regulations relating to the Company's
structure, business and industry; 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.
For investor and media inquiries, please contact:
China
Mary Chen
Investor Relations Director
Tuniu Corporation
Phone: +86-25-6960-9988
E-mail: ir@tuniu.com
View original
content:http://www.prnewswire.com/news-releases/tuniu-announces-new-initiatives-for-difeng-cloud-300736096.html
SOURCE Tuniu