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Hello, and thank you for standing by for Tuniu's 2020 Third Quarter Earnings Conference Call. Thank you, and welcome to our 2020 third quarter earnings conference call. Joining me on the call today are Donald Yu, Tuniu's Founder, Chairman and Chief Executive Officer; and Anqiang Chen, Tuniu's Financial Controller.
Shares of Tuniu Corporation (NASDAQ: TOUR), a travel company based in China, got crushed on Tuesday after the company released uninspiring results for the third quarter of 2020. As of 11:30 a.m. EST, Tuniu stock was down 18%. Going forward, Tuniu's management sees a slight sequential improvement for its business.
Last week, Tuniu shares scored back to back "green" days on the Nasdaq, rising more than 50% before the Thanksgiving Day holiday. Now as we approach a much anticipated earnings report, Tuniu shares continue to fall -- down another 13.6% as of 1:35 p.m. EST. The answer to both questions could be "yes," or it could be "no." Last week, Tuniu confirmed that it plans to release third-quarter 2020 earnings numbers before the market opens tomorrow.