China's e-commerce giant Alibaba joins hands with online ticketing platform Damai.cn
BY - Vaishnavi Gupta
Assistant Editor, IndianRetailer.com & Retailer Media Mar 21, 2017 /
/ 1 MIN READ
Assistant Editor, IndianRetailer.com & Retailer Media Mar 21, 2017 /
17
China's Alibaba Group Holding Ltd has fully acquired online ticketing platform Damai.cn, the e-commerce giant said, marking a further push into entertainment by the firm.
On its Sina Weibo platform, the firm said, "Ali announces its acquisition of Damai, part of our big entertainment strategy. This continues an earnest three-year romance."
In a separate post 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.
Also Worth Reading
As a crucial player in China's expansive digital economy and the operator of a prominent online shopping platform, Alibaba's performance is closely watched as a barometer of domestic consumption, which has shown signs of weakening recently.
Paytm has around 4000 such agents and over one lakh offline merchants on its platform.
Alibaba has opted for a dedicated seat and has teams including admin, HR and operations working out of CoWrks in RMZ infinity in Bengaluru
E-commerce giant Alibaba today announced to buy a stake Troubled Chinese conglomerate Wanda, the cinema division for around $750 million, the latest sell-off by the heavily-indebted group.Wanda Film said in a regulatory filing that Alibaba will buy a 7.66
Explore By Industry
Copyright © 2009 - 2024 Franchise India Holdings Ltd