Tuesday, July 16, 2013

Alibaba invests in travel site

Alibaba, Chinese online retail giant  has invested in a travel website, it said Tuesday, the latest in a series of deals ahead of a planned stock offer.

Alibaba had made a "strategic investment" in China's Qyer, Alibaba spokeswoman Florence Shih said in a statement to AFP.

Financial terms were not disclosed.

"We are confident that Qyer will be able to complement our travel platform, Taobao Travel, by providing our users with high quality travel-related services and content," she said.

No comments:

Post a Comment