Hangzhou-based Chinese e-commerce giant Alibaba Group Holding Ltd. has agreed to acquire a 15% stake in Shenzhen-listed Chinese hospitality technology provider Beijing Shiji Information Technology Co., Ltd. for RMB2.81 billion ($457 million), according to a regulatory filing to the Shenzhen Stock Exchange. This is the first major investment announced by Alibaba after its record-breaking US$25 […]
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