Exit Options for John Hancock Bond and Corporate Finance Group: Hanover Communications In... - 28 Strategic Investors

View x

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

  • Region:

    China

  • 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.

Tags:

Reuters,strategic investment