Tuniu puts the brakes on $100m follow-on

By Christina Khouri
16 Dec 2014

Nasdaq-listed Tuniu Corp is no longer going ahead with a planned $100m follow-on after it agreed a $148m capital injection from a group of investors that included Chinese e-commerce firm JD.com.

Ctrip.com International, Hony Capital, JD.com and the personal holding companies of Tuniu's CEO and COO agreed to buy newly issued Class A ordinary shares in Tuniu as part of the investment, according to a statement on December 15. 

Hony Capital's unit Unicorn Riches and JD.com's special purpose vehicle JD.com ...

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