Alibaba Group and Marriott International Announce Innovative Joint Venture to Redefine Travel Experience

SHANGHAI, The People’s Republic of China, August , 2017/ — Joint Venture to Create Seamless, Insight-based Travel Services, With Alibaba Serving as Gateway to More than Half a Billion Chinese Consumers Chinese Outbound Travel Set to Boom with 700 Million Trips Estimated for the Next Five Years as Consumers Seek New, Elevated Travel Experiences Alibaba Group Holding Ltd. (“Alibaba”) (NYSE: BABA) and Marriott International, Inc. (www.Marriott.com) (“Marriott International”) (NASDAQ: MAR) today announced the establishment of a joint venture to redefine the travel experience for the hundreds of millions of Chinese…

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