Shiji Information Technology Scores $486 Million Dollar Investment

Shiji Information Technology, a software and data systems company that provides to hotel groups like InterContinental Hotels, retailers like Starbucks Corp, and entertainment companies, landed a $486 million-dollar investment from Alibaba, China’s biggest e-commerce company. Along with the investment, Alibaba will now own a 38% stake in the company.

This is not the first time Alibaba has made a deal with Shiji. In 2014, Taobao Software Co, a branch of Alibaba acquired a 15% stake in Shiji for $446.3 million to enhance their online travel firm.

The deal is on the heels of a “new retail” strategic cooperation, Shiji said that it hopes to leverage big-data to shake up China’s huge but stalling retail market. “We are seeing the early results from our efforts to integrate online and offline with our New Retail strategy, and consumers have benefited from access to high-quality products, improved customer experience and the tremendous convenience of shopping anytime, anywhere,” CEO Daniel Zhang said.[1]

The plan is to spend $15 billion on research and aims to serve 2 billion customers and create 100 million jobs over the span of the next 20 years.

[1] http://footwearnews.com/2018/business/technology/alibaba-invests-millions-big-data-china-492811/

Follow us on social media for the latest updates in B2B!

Image

Latest

Johnnie Akin
From Deloitte to Startup CEO: Johnnie Akin on Risk, Faith, and Reinvention
November 5, 2025

Success today looks different—defined less by stability and more by the freedom to adapt and evolve. Professionals across industries are reimagining their careers, moving away from predictable ladders toward paths that reflect purpose and balance. What once meant climbing steadily toward partnership or promotion now often means taking bold pivots or pursuing second acts…

Read More
caregiver
From Caregiver to Changemaker: How Purpose and Community Create Lasting Impact
November 5, 2025

Resilience isn’t just about enduring challenges — it’s about leading with compassion, patience, and faith, even when the path feels uncertain. It’s a quality embodied by every caregiver, whose daily acts of care and commitment reflect the essence of true leadership — helping others grow stronger through empathy, service, and understanding. In this episode…

Read More
leaders
Great Leaders Share Knowledge, Build Trust, and Empower Future Talent
November 3, 2025

The conversation around skilled trades is shifting fast. After decades of “college for all” messaging, trade school enrollment is climbing steadily, signaling a renewed respect for hands-on, high-skill careers that literally keep the world running. In commercial HVAC and mechanical service, this change is not just academic — it’s shaping the next generation of leaders…

Read More
NBA
Slow Stories in a Fast League: Why the NBA Still Deserves Real, In-Depth Journalism
November 3, 2025

In a sports world increasingly defined by short-form clips, social algorithms, and viral takes, long-form storytelling remains a vital counterweight — the place where depth, nuance, and narrative still matter. The NBA, perhaps more than any other league, sits at the center of this tension: every quote can become a meme, every story a highlight…

Read More