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Wednesday, March 22, 2017

Alibaba acquired online ticketing platform Damai

China's Alibaba Group Holding Ltd has acquired online ticketing platform Damai. Alibaba in a statement said, Ali announces its acquisition of Damai, part of our big entertainment strategy. Alibaba first invested in Damai in 2014.

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Damai said it was happy to join the "Alibaba family". It also reposted a statement from a senior Alibaba executive saying this meant Alibaba now owned 100 percent of the firm.

Alibaba also said, Damai.cn will be a powerful platform to distribute our media content as well as expand our user reach and engagement.

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