Coupon Code: 12661 ENGLISH | 简体中文

Tourism News Share wonderful travel information

booking

Shiji’s hotel tech acquisition spree: a closer look

2019/8/12 9:56:23
Shiji has been on an acquisition tear. A look at its financial filings shines a light on how the Beijing-based hospitality technology company has been spending its money abroad. But the strategy remains convoluted to some observers. Shiji has collected and built a set services for hotels and restaurants with a sprawling and seemingly unfocused ambition.

Shiji has only a small foreign business. In 2018, it generated only $36 million in operating income outside of mainland China. That was merely 8 percent of its total operating income of $412.9 million (2.84 billion yuan).

But Shiji has been investing abroad. Since January 2016, it has spent at least $141 million on acquisitions and equity investments in travel tech companies outside of China, according to Skift’s review of its financial filings.
Author:

Prev: Hotel Indigo Opens its Doors in Italy’s Fashion Capital

Next: HOTELS 325: Jin Jiang becomes global No. 2 hotel group, OYO ranks 8th

Back

Dragon Lake King Hotel Guangzhou traffic info

Business zone:Guangzhou North Station / Huadu Xinhua Town
Area:huadouqu
Address:Guangdong · Guangzhou · huadouqu - Dragon Lake Community, No. 3 Shanqian Avenue, Huadong Town, Huadu District, Guangzhou, China