How about Tuniu? Com's capital model to raise funds to operate the website?

Financing through debt. According to Tuniu.com, Tuniu.com raised funds through debt financing. In 20 19, Tuniu.com issued 400 million yuan of corporate bonds, of which 350 million yuan was used to repay the previous loans and 50 million yuan was used to supplement the working capital. Tuniu Travel Network was established in 2006, and its corporate mission is to "make travel easier". On May 9, 20 14, Tuniu was successfully listed on NASDAQ.