<SEC-DOCUMENT>0001104659-22-130271.txt : 20230321
<SEC-HEADER>0001104659-22-130271.hdr.sgml : 20230321
<ACCEPTANCE-DATETIME>20221228060017
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-22-130271
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20221228

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Tuniu Corp
		CENTRAL INDEX KEY:			0001597095
		STANDARD INDUSTRIAL CLASSIFICATION:	TRANSPORTATION SERVICES [4700]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		TUNIU BUILDING, NO. 699-32
		STREET 2:		XUANWUDADAO, XUANWU DISTRICT
		CITY:			NANJING
		STATE:			F4
		ZIP:			210042
		BUSINESS PHONE:		86 25 86853969

	MAIL ADDRESS:	
		STREET 1:		TUNIU BUILDING, NO. 699-32
		STREET 2:		XUANWUDADAO, XUANWU DISTRICT
		CITY:			NANJING
		STATE:			F4
		ZIP:			210042
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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: right"><B>Tuniu Corporation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: right">Tuniu Building No.&nbsp;32</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: right">Suningdadao, Xuanwu District</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: right">Nanjing, Jiangsu Province 210042</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: right">People&rsquo;s Republic of China</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">December&nbsp;</FONT>28,
2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>VIA EDGAR</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ms.&nbsp;Jennifer O'Brien</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ms.&nbsp;Shannon Buskirk</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Office of Energy&nbsp;&amp; Transportation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">100 F Street, N.E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><B>Re:</B></TD><TD><B>Tuniu Corporation (the &ldquo;Company&rdquo;)</B></TD>
    <TD STYLE="width: 5%">&nbsp;</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD><B>Form&nbsp;20-F for the Fiscal Year Ended December&nbsp;31, 2021</B></TD>
    <TD>&nbsp;</TD></TR>
                                                                                                                                        <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid"><B>Filed on April&nbsp;29, 2022 (File No.&nbsp;001-36430)</B></TD>
    <TD>&nbsp;</TD></TR>
                                                                                                                                        </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Dear </FONT>Ms.&nbsp;O'Brien
and Ms.&nbsp;Buskirk,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">This
letter sets forth the Company&rsquo;s responses to the comments contained in the letter dated December&nbsp;16, 2022 from the staff (the
 &ldquo;<B>Staff</B>&rdquo;) of the Securities and Exchange Commission (the &ldquo;<B>Commission</B>&rdquo;) regarding the Company&rsquo;s
annual report on Form&nbsp;20-F for the fiscal year ended December&nbsp;31, 2021 filed with the Commission on April&nbsp;29, 2022 (the
 &ldquo;<B>2021 Form&nbsp;20-F</B>&rdquo;) and the Company&rsquo;s response letters submitted on </FONT>September&nbsp;27, 2022 and November&nbsp;16,
2022, respectively. The Staff&rsquo;s comments are repeated below in bold and are followed by the Company&rsquo;s responses thereto.
All capitalized terms used but not defined in this letter shall have the meaning ascribed to such terms in the 2021 Form&nbsp;20-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt -0.5in; text-indent: 0.5in"><B><U>Form&nbsp;20-F for the Fiscal
Year Ended December&nbsp;31, 2021</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Item 3. Key Information</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>D. Risk Factors, page&nbsp;11</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>1.</B></TD><TD><B>We note from your revised disclosure in response to prior comment
                                            2 that &ldquo;the laws, regulations and the discretion of mainland China governmental authorities
                                            discussed in this annual report are expected to apply to mainland China entities and businesses,
                                            rather than entities or businesses in Hong Kong and Macau which operate under different sets
                                            of laws from mainland China.&rdquo; Therefore, we reissue prior comment 2 in part.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Office of Energy&nbsp;&amp; Transportation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">December&nbsp;</FONT>28,
2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><B>Where appropriate, explain how commensurate laws in Hong
Kong and Macau differs from PRC law and describe any risks and consequences to the company&rsquo;s operations in Hong Kong and Macau,
associated with those laws. For example, please clarify whether a different set of laws apply to entities or businesses in Hong Kong
and Macau as it relates to the disclosure in the following risk factors on pages&nbsp;3 and 35, respectively:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><B>&ldquo;Risks
                                            and uncertainties arising from the legal system in China, including risks and uncertainties
                                            regarding the enforcement of laws and quickly evolving rules&nbsp;and regulations in China,
                                            could result in a material adverse change in our operations and the value of our ADSs&rdquo;;
                                            and</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><B>&ldquo;We
                                            conduct our business in China. Our operations in China are governed by PRC laws and regulations.
                                            The PRC government has significant oversight over the conduct of our business, and may intervene
                                            or influence our operations as the government deems appropriate to advance regulatory and
                                            societal goals and policy positions...&rdquo;).</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><B>As part of your revised disclosure, address the risk
that that the Chinese government may intervene or influence your operations in Hong Kong and Macau at any time.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">The Company respectfully advises the Staff that (i)&nbsp;prior
to 2020, the Company&rsquo;s operations in Hong Kong and Macau were not material to the Company as a whole, and regulatory actions in
Hong Kong and Macau did not have a material impact on the Company&rsquo;s ability to conduct business, accept foreign investments or
maintain listing status on the Nasdaq Global Market and (ii)&nbsp;the Company has almost no business operations in Hong Kong and Macau
since the outbreak of COVID-19 in early 2020 except for one office and servers located in Hong Kong, and therefore, the Company does
not believe that incremental disclosure relating to its business operations in Hong Kong and Macau is necessary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">The Company further respectfully advises the Staff that
Hong Kong and Macau currently operate under different sets of laws from mainland China, and the national laws and regulations of the
PRC are not applicable to business operations in Hong Kong and Macau, except for those listed in the Basic Law of the Hong Kong Special
Administrative Region of the PRC and Basic Law of the Macau Special Administrative Region of the PRC, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">For the reasons stated above, the Company does not believe
the requested disclosure is warranted in light of the legal framework of Hong Kong and Macau and the fact that it does not have business
operations in Hong Kong and Macau. In the event that the Company engages in business operations in Hong Kong and Macau which become more
significant in the future, the Company will address and provide disclosure as appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">*</FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">*</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">If you have any additional questions
or comments regarding the 2021 Form&nbsp;20-F, please contact the undersigned at +86 25 8685 3969 or the Company&rsquo;s U.S. counsel,
Haiping Li of Skadden, Arps, Slate, Meagher&nbsp;&amp; Flom LLP at +86 21 6193 8210 or haiping.li@skadden.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">Very truly yours,</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Anqiang Chen</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Anqiang Chen</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Financial Controller</TD></TR>
  </TABLE>


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<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">cc:</FONT></TD><TD>Dunde
                                            Yu, Chief Executive Officer, Tuniu Corporation</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Haiping Li,&nbsp;Esq., Partner, Skadden, Arps, Slate, Meagher&nbsp;&amp;
Flom LLP</TD></TR>
                                                                                                    <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Jack
Li</FONT>, Partner, PricewaterhouseCoopers Zhong Tian LLP</TD></TR>
                                                                                                    </TABLE>

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