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

military
Just Thinking… About Applying Military Discipline and Decision-Making to Entrepreneurial Growth with Kris Groves
December 17, 2025

Career transitions rarely follow a straight line—especially for people coming out of the military. For many veterans, the challenge isn’t discipline or work ethic, but figuring out how deeply technical, high-stakes experience translates into civilian industries that speak a very different language. As more service members step into entrepreneurship, the real question becomes less about…

Read More
Hiring
Hiring Rewired: Human Intelligence in the AI-Driven Job Market
December 16, 2025

As artificial intelligence continues to reshape recruiting—from resume screening and job descriptions to candidate sourcing and interview workflows—the hiring process has become faster, more automated, and increasingly complex. According to the World Economic Forum, approximately 88% of companies now use some form of AI to filter or rank job applications, signaling how deeply embedded automation…

Read More
Expanding Monitoring in Acute Care and Beyond
Expanding Monitoring in Acute Care and Beyond
December 16, 2025

As hospitals look beyond the ICU to improve outcomes across the entire continuum of care, a key question emerges: how do you expand patient monitoring without overwhelming clinicians with more alarms, more noise, and more work? This episode—part three of a five-part Health and Life Sciences at the Edge series exploring The Future of…

Read More
mindset
Rob Paylor’s Mindset Masterclass After a Life-Changing Rugby Injury: Rise, Recover, and Redefine What’s Possible
December 16, 2025

Every year, an estimated 17,000 Americans suffer spinal cord injuries, many of which permanently alter the course of their lives.. For former collegiate rugby player Rob Paylor, a devastating injury left him paralyzed from the shoulders down. Doctors told him he would never walk or move his hands again. But instead of accepting that fate,…

Read More