Tuniu (TOUR) has released an update.
Tuniu Corporation, a prominent Chinese online leisure travel company, has reported a significant increase in its financial results for the first quarter of 2024, with a 70.9% rise in net revenues and a notable shift to profitability compared to a loss in the same period of 2023. Package tour revenues soared by 106.7%, contributing to a gross profit increase of 111.0%. The company attributes its success to strong growth momentum, a focus on product innovation, and improvements in service quality and operational efficiency.
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