JD.com divests from travel agency Tuniu in $65m fire sale

JD.com divests from travel agency Tuniu in $65m fire sale

Photo: Reuters

Major e-commerce platform JD.com will unload its entire 21% stake in Chinese online travel website Tuniu for about 458 million yuan ($65 million), losing a $500 million bet as a recovery looks elusive for a sector decimated by the pandemic.

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