Alibaba invests in online tourism website
Updated: 2013-07-16 15:51
Alibaba has invested in popular tourism website qyer.com.
The Hangzhou-based electronic-business giant said its customer-to-customer platform taobao.com will help qyer.com promote, book and customize tourism packages.
The company did not reveal the amount of the investment.
China's online tourism market saw turnover reach 253 billion yuan ($41 billion) in 2012, representing about 10 percent of the entire industry, according to the China Tourism Academy.