Comment on Alibaba Invests In Outbound Travel Service Qyer by Alibaba Buys 15% Stake in Hotel Tech Service Shiji to Strengthen Forays into Online Travel Market | Kungpao.tv

['Emma Lee', 'More Emma Lee', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2013-07-16 00:00:00

Alibaba Group announces strategic investment in Qyer, a Chinese outbound travel service provider. The acquisition of Qyer.com will help Taobao Travel to roll out services of travel sharing and tourism product reservation. Alibaba Group established Travel Department in January this year by integrating relevant businesses. The turnover of Taobao Travel, a unit under the department, has surpassed one trillion yuan in 2011, according to Alibaba. Last week a travel search service was launched under ETao, Alibaba’s shopping search engine.