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To learn more Cheap Daniel Amartey Jersey , visit the relevant website on http:educationcreationgroup right now. by Xinhua writer Lyu Dong BEIJING， April 14 (Xinhua) -- China's online travel firm Tuniu is seeking to increase its outbound travel offerings to carve out a place of its own following the merger of bigger rivals Ctrip and Qunar last year. While a partnership between industry leaders Ctrip and Qunar has put a bitter pricing war to end and raises prospects for improved margins going forward， smaller players like Tuniu have been ramping up investment， especially in outbound travel offerings， to distinguish itself from its bigger rivals. Despite seeing its shares， listed on the NASDAQ， halved from its all-time-high of 24 U.S. dollars since late 2014， the company， which is based in the eastern Chinese city Nanjing， has made aggressive investments in expanding overseas travel offerings and improving on-the-ground services at destinations popular with Chinese. Such investment has pushed Tuniu's gross margin down further to 4.8 percent in 2015 from 6.4 a year earlier， compared with 72 percent for Ctrip and 65 percent for Qunar during the same period. The company's chief operating officer and co-founder Alex Yan said such investment is necessary to prepare the firm to capitalize on China's 120 million outbound travelers， the world's largest， and also the biggest spenders overseas. "As per capita GDP continues to grow in China， the outbound travel boom will be a rewarding business worthy of our investment." Yan said this week on the sidelines of a travel expo in Beijing. He added that such expenditures are expected to be capped below last year's level and become more efficient. Investors have so far appeared to be willing to throw in more capital into China's online tourism market. According to research agency Analysys， the travel industry tends to see rapid growth after per capita GDP reaches 6，000 dollars. China hit that target in 2013 and growth of its online travel market has since accelerated to 40 to 50 percent each year. Per capita GDP rose to 8，016 dollars in 2015 for the whole country and has shot up over 10，000 dollars in top-tier cities， leading to increasingly diversified demands for travel services beyond organized tours， and hotel and transportation bookings. Though Ctrip and Qunar hold a roughly 75 percent combined share of China's hotel and air ticket online booking market， Tuniu seeks to cut through their dominance by beefing up outbound leisure travel services that range from trip itineraries， car rentals to attraction tickets a. cheap nike shoes cheap nike shoes cheap shoes cheap nike shoes cheap shoes cheap nike shoes cheap shoes cheap nike shoes online cheap air max 2018 Cheap Soccer Jerseys China |
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