Alibaba’s First Post-IPO Investment is $457 Million in Hotel Tech Firm
Skift Take
There have been a flurry of acquisitions in hotel tech B2B solutions companies in 2014, and cash-rich Alibaba is going to be a player in the category.
After raising $25 billion in its just-completed IPO, China commerce company Alibaba acquired a 15% stake for around $457 million in hotel-technology firm Beijing Shiji Information Technology Co., solidifying the position of business to business hotel solutions as one of the hottest merger and acquisition categories of 2014.
No, Alibaba, which already had $8.5 billion in cash prior to the IPO, hasn't acquired Expedia Inc., despite the rumors, but bought into public company Beijing Shiji, which pro
