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Alibaba to Buy 38% Stake in Hotel, Restaurant Info Management Systems Firm Shiji Retail

Shiji Information, 11/02/17

Beijing-based software firm Shiji Information Technology (002153.SZ) announced today that it has signed a framework agreement with Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) that will see Alibaba acquire a minority stake in Shiji Information Technology's hotel, restaurant, and retail information management systems developer subsidiary Shiji Retail Information Technology. Read More