Alibaba buys online ticketing platform Damai


Reuters

SHANGHAI, March 21 (Reuters) - China'sAlibaba Group Holding
Ltd <BABA.N> has fully acquired online ticketing platform
Damai.cn, the e-commerce giant said on Tuesday, marking a
further push into entertainment by the firm.
    "Ali announces its acquisition of Damai, part of our big
entertainment strategy," the firm said on its Sina Weibo
platform. "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.
    Alibaba did not immediately respond to requests for comment.


 (Reporting by Adam Jourdan; Editing by Stephen Coates)
 ((adam.jourdan@thomsonreuters.com; +86 21 6104 1778; Reuters
Messaging: adam.jourdan.thomsonreuters.com@reuters.net))

Keywords: DAMAI M&A/ALIBABA (URGENT)



This article appears in: Economy , Stocks , World Markets , World Markets , Stocks
Referenced Symbols: BABA


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