Alibaba buys on­line tick­et­ing plat­form

New Straits Times - - Business -

SHANG­HAI: Alibaba Group Hold­ing Ltd has fully ac­quired on­line tick­et­ing plat­form Da­mai.cn, said the e-com­merce gi­ant yes­ter­day, mark­ing a fur­ther push into en­ter­tain­ment by the firm as it ex­pands be­yond its core on­line re­tail busi­ness. “Ali an­nounces its ac­qui­si­tion of Da­mai, part of our big en­ter­tain­ment strat­egy,” said the Chi­nese com­pany on its Sina Weibo plat­form. Alibaba first in­vested in Da­mai in 2014. “This con­tin­ues an earnest three­year ro­mance.” Agen­cies

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