Hospitality and retail technology stack provider Shiji announced on March 1 that its major contract with Oracle Hospitality will end on May 31 this year, and the two companies will not further extend their partnership.
Previous negotiation was conducted but the two parties did not come to an agreement on the conditions for a contract extension, according to Shiji.
Oracle Hospitality has informed its customers of an upcoming change to the company's authorized sales and support coverage capabilities in China, effective June 1, 2020.
All sales of Oracle Hotel and Food & Beverage software, hardware and Cloud Services in China shall occur through Hangzhou GreenCloud Software or Ai Wei Information Technology, effective June 1, 2020, according to Oracle's statement.
Analysts estimate that Shiji generated about USD 481 million in revenue in 2018. That puts it second in hospitality tech sales leadership to Oracle Hospitality, which analysts estimate generated about USD 1.8 billion in revenue in 2017, according to a Skift report.