Alibaba has made decent strides in travel in its relatively short lifespan of 20 years. The Chinese e-commerce giant's online marketplace, Fliggy, while a small part of its overall business, is offering travel services in unique ways to China's growing middle class. And our story below underscores how Alibaba's Alipay mobile payment unit is looking to change up commerce in U.S. cities to accommodate the more than 4 million Chinese tourists to the U.S. every year.
There is some nice momentum. But the surprise announcement earlier this month that Alibaba's co-founder and visionary executive Jack Ma plans to retire in a year raises questions about the company's strategy in a post-Ma era. Critics say Ma didn't do enough to craft a succession plan. The cloud that creates will certainly make the company more vulnerable to Chinese government intervention, and ultimately trip up what have been some solid gains in travel.
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