Alibaba buys $459M stake in Chinese hotel tech company

Elkezdik használni az IPO-ból befolyt pénzt, jó ezt látni

Yoel Minkoff, SA News Editor

In its first big investment since its $25B record IPO, Alibaba (NYSE:BABA) has bought a 15% stake in Chinese hospitality technology provider Beijing Shiji Information Technology for 2.81B yuan ($459M).

Shiji provides IT consulting and sells software that manages room reservations and point of sales systems to high-end hotels in China.

The deal is expected to close early next month.