Tuniu Faces Nasdaq Delisting Deadline as Shares Languish

Time is running out for Tuniu, with the Chinese online travel agency confronting a critical deadline to maintain its Nasdaq listing. The company finds itself in a race against the clock, needing to demonstrate compliance with exchange requirements by November 17, while also preparing to release its quarterly earnings on December 5.

The current crisis stems from a notification Tuniu received on May 19, alerting the company that its share price had fallen below the minimum $1 requirement for 30 consecutive trading days. This triggered a 180-day grace period to regain compliance, which expires this coming Monday.

To satisfy Nasdaq’s listing standards, Tuniu’s stock must achieve a closing price of at Read more...