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Alibaba-backed Shiji acquires founders shares of SnapShot

Date:2018-07-09 18:40Source:ChinaTravelNews ReadingNumber: Times

Hotel technologyfirm Shiji acquired the shares of SnapShot’s founders to increasecommitment to SnapShot vision of a hospitality data platform.

Alibaba-backed hotel technology firm Shiji announced that it has acquired the shares of SnapShot’s founders to "increase commitment to SnapShot vision of a hospitality data platform".

Shiji acquired a majority stake in SnapShot in 2016, holding 69.07% of SnapShot's stock equity at the time. 

SnapShot was founded by David Turnbull and Michael Heinze in 2012 and was invested by hotel research firm STR and Netherlands-based hotel chain CitizenM in 2013. 

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