DALIAN, China -- 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.
JD.com and Tuniu announced the sale to travel company Caissa Sega Tourism Culture Development Group on an unspecified closing date.
