The Rakuten-backed, China-based online travel agency has become the latest China-based company to file for an initial public offering in the United States.
China-based online travel service Tuniu, which counts Japan-based e-commerce company Rakuten among its shareholders, has filed for an initial public offering in the US that could raise up to $120m.
In 2007 Tuniu became one of the first firms to begin offering packaged tours online in China and has since sold more than three million holiday packages to Chinese customers. It most recently closed a $60m series D round in September 2013 from investors including Singapore’s sovereign wealth fund, Temasek,…
