A travel agency has raised almost a $1 billion from China’s Alibaba Group Holding Group.
The investment, made in March this year, brings the company’s total funding to $1.9 billion.
Alibaba Group is an internet and mobile company and operates an online shopping platform.
It has been the biggest investor in the world’s largest hotel chain, which has also become the biggest hotelier.
Albanian airline Alianja said in a statement that it had “acquired a stake in an all-in-one travel booking and travel logistics company” that was founded by the Alianza Group and Alianzas CEO, Humberto Alencar.
“We are delighted to have this company in the Alania family, and look forward to continuing our strong collaboration on our core business,” Alencars said.
Alencar, who is also chairman of the Alenco group, said in an interview that Alianjas growth had come from the travel industry, particularly in the United States, where Alianas global reach is particularly strong.
Alanjas board of directors also includes Alencos co-founder and chairman, Francisco Alvarado.
Alvarado, who was named chairman of Alanja in January, said the investment would enable the company to expand its business, and added that it was part of a broader investment strategy that would allow it to become a larger business.
Alianza has raised $200 million from private investors in the last three years.
It operates in 25 countries and is one of the worlds largest travel companies.
In the latest investment round, Alibaba’s share value rose to $8.4 billion, from $8 billion at the end of March, according to data from Bloomberg.
The company is in the process of relocating to a new location, according a company spokesman.
Alena Gokhin, an analyst with Capital Economics, said she was not surprised by the investment.
Alena is a leading investor in travel companies, with the firm’s holdings including Alianzanas first and most popular hotel in Russia, and a portfolio of hotels in India.
Alyanza is one among a number of travel and tourism companies that have been taking a bigger bite out of the lucrative business of online booking and booking online.
The number of hotels booked online through hotels.com is expected to reach a record high of 2.1 billion in 2021, according the World Travel and Tourism Association.
It is expected that hotel booking will overtake the retail industry as the second largest source of income for hotel operators after tourism.