Published: 7:41pm, 21 Mar, 2017 Updated: 2:55pm, 20 Jul, 2018
Chinese e-commerce giant Alibaba Group has fully acquired online ticketing major Damai.cn, after purchasing the outstanding 70% of the company it did not already own for an undisclosed sum. Hangzhou-based Alibaba first invested in Damai 20 Jul, 2018, and in a statement, the company said the acquisition offered a "powerful platform to distribute our media content as well as expand our user search and engagement".