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Alibaba acquires Damai platform

By Fan Feifei ( China Daily ) Updated: 2017-03-22 07:34:10

E-commerce giant Alibaba Group Holding Ltd announced on Tuesday it now fully owns online ticketing platform Damai.cn.

Alibaba became a significant shareholder of Damai in 2014, after picking up a 32.44 percent stake.

Full ownership now forms a strategic part of the value chain in Alibaba's media and entertainment business, and reinforces commitment to its big entertainment strategy.

Alibaba acquires Damai platform

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