Alibaba acquires Damai platform
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.
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