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Alibaba to take $486 million stake in Shiji Retail Information Technology

  • Region:


  • Sector:

    Software & Services

  • Deal Size:

    $486 million

  • Buy Side Company:

    Alibaba Investments Ltd
  • Sell Side Company:

  • Target Company:

    Shiji Retail Information Technology Co.

Alibaba Group Holding Ltd., through its subsidiary, Alibaba Investment Ltd., will will invest $486 million for a stake in Shiji Retail Information Technology Co., Reuters reported. China-based Shiji Retail is a domestic big-data firm that provides software and data systems to hotel firms such as InterContinental Hotels Group, and retailers such as Starbucks Corp, and entertainment companies.


Reuters,strategic investment