Alibaba is climbing after announcing a partnership with Marriott (BABA, MAR)

Alibaba is trading higher by 3.31% at $158.40 a share following word the company is getting into the hotel booking business.
The Chinese e-commerce giant is partnering with Marriott to offer its Chinese customers easier access to hotels around the world. The partnership will list global hotel rooms from Marriott's various brands on Alibaba's travel platform "Fliggy," according to a news release. It will also link the two loyalty programs.
Shares of Marriott are up 1.49% on the news.
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