https://skift.com/2018/02/11/whats-behind-alibabas-486-million-investment-in-hotel-tech-giant-shiji/ - 0 views

• 
  #1 kdomi006 on 03 Jul 18

   

  Alibaba is invested $486 million in hotel tech in Giant Shiji, a Beijing based company which provides restaurants and hotels operational software/hardware. They are known for 'information technology'. Shiji has always been good at funding globally.
  
  In 2014, Alibaba had a 12% percent stake ($457 million investment) and will now have 38% stake, which is the largest of any external investor. Some investors feel as though Alibaba should leverage, which other think it's a financial play. As of 2017, Shiji went up nearly a third from the previous year and generated revenue of $560 million.
  
  Their revenue mainly comes from about 50 subsidiaries throughout China. An example of a huge vendor of Shiji is Disney's Shanghai theme park location. A counterpart would be Oracle Hospitality, which was previously known as Micros. In China, Shiji has the largest share of market property amongst management software.
  
  Outside of China, Shiji has wanted to expand to North America and Europe, focusing on hotel technology front. After acquiring a $28 million stake in Reviewpro jumped up in a one year revenue about 50%. Shortly after, Shiji invested in Snapshot, Hetras, StayInTouch, DHISCO, and ChinaOnline.
  
  Shiji is worth more than $2 billion according to Forbes.

   

  <div class="cArrow"> </div><div class="cContentInner">Alibaba is invested $486 million in hotel tech in Giant Shiji, a Beijing based company which provides restaurants and hotels operational software/hardware. They are known for 'information technology'. Shiji has always been good at funding globally. <br /> <br /> In 2014, Alibaba had a 12% percent stake ($457 million investment) and will now have 38% stake, which is the largest of any external investor. Some investors feel as though Alibaba should leverage, which other think it's a financial play. As of 2017, Shiji went up nearly a third from the previous year and generated revenue of $560 million. <br /> <br /> Their revenue mainly comes from about 50 subsidiaries throughout China. An example of a huge vendor of Shiji is Disney's Shanghai theme park location. A counterpart would be Oracle Hospitality, which was previously known as Micros. In China, Shiji has the largest share of market property amongst management software. <br /> <br /> Outside of China, Shiji has wanted to expand to North America and Europe, focusing on hotel technology front. After acquiring a $28 million stake in Reviewpro jumped up in a one year revenue about 50%. Shortly after, Shiji invested in Snapshot, Hetras, StayInTouch, DHISCO, and ChinaOnline. <br /> <br /> Shiji is worth more than $2 billion according to Forbes.</div>

  ...

  Cancel

To Top