Chinese conglomerate HNA Group and e-commerce giant JD.com Inc. have suffered huge paper losses worth nearly US$400 million combined after shares prices of their business partner travel service provider Tuniu Corporation plummeted. NASDAQ-listed Tuniu saw its shares drop to US$9.70 per American Depositary Share (ADS) yesterday from a peak of US$16.91 last December, as China’s […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.