Alibaba invests in Chinese tourism website

0 Comment(s)Print E-mail Xinhua, July 16, 2013
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E-commerce giant Alibaba announced on Tuesday that it has made a "strategic investment" in Qyer, a leading tourism website in China.

The amount of the investment was not disclosed.

Qyer can provide quality overseas travel packages to Taobao Trip, a flight and hotel aggregator under Alibaba's flag, according to people familiar with the matter.

Qyer, founded in 2004, provides travel guides and online forums to about 10 million users.

Alibaba has made a string of deals with emerging IT companies lately, including investments in Sina Weibo, Amap and Xiami Music. Endi

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