Tuniu Declines as HNA Deal Underscores China Travel Competition

  • Online travel booker ends two-day advance in New York trading
  • Announcement comes about a month after Ctrip-Qunar tie-up

Tuniu Corp. ended a two-day gain as investors bet a $500 million investment from HNA Tourism Group Co. won’t be enough to turn the company profitable amid competition in China’s online travel-booking industry.

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