You will be redirected back to your article in seconds

Alibaba Buys Ticketing Firm Damai

Chinese e-commerce giant Alibaba is to buy ticketing firm Damai, further expanding its activities in entertainment sales across a range of sectors.

Alibaba described the deal, whose financial terms were not disclosed, as part of its “big entertainment strategy.” It also said that taking 100% control of Damai, in which it has had a minority stake since 2014, “forms a strategic part of the value chain in our media and entertainment business.”

Founded in 2004, Damai operates across live events, sports and movies, and says it has sold tickets to 1.8 million events in 330 cities worldwide. It claims to have more than 100 million registered online users and nearly 50 physical distribution outlets in China.

“This continues an earnest three-year romance,” Alibaba said of the Damai deal on its social media platform.

Alibaba said there would be obvious synergies with Alibaba Music, Alibaba Pictures and video-streaming platform Youku Tudou. But it stopped short of saying whether it plans to integrate Damai with its other ticketing businesses, including Tao Piao Piao, which is part of the separately listed Alibaba Pictures Group.

In a bid to build market share at Tao Piao Piao, APG is currently spending heavily on marketing and services. These costs were largely responsible for the 2016 loss of $140 million that APG recently forecast.

“Damai.cn will be a powerful platform to distribute our media content as well as expand our user reach and engagement,” Alibaba said.

More Digital

  • Netflix phone

    Subscription Video Services Lift Global App Spending

    Chinese e-commerce giant Alibaba is to buy ticketing firm Damai, further expanding its activities in entertainment sales across a range of sectors. Alibaba described the deal, whose financial terms were not disclosed, as part of its “big entertainment strategy.” It also said that taking 100% control of Damai, in which it has had a minority […]

  • Jack Etienne - Cloud9

    Esports Startup Cloud9 Raises $25 Million From WWE, Others

    Chinese e-commerce giant Alibaba is to buy ticketing firm Damai, further expanding its activities in entertainment sales across a range of sectors. Alibaba described the deal, whose financial terms were not disclosed, as part of its “big entertainment strategy.” It also said that taking 100% control of Damai, in which it has had a minority […]

  • snapchat-spectacles-snap-teal

    Snap May Have Hundreds of Thousands of Unsold Spectacles (Report)

    Chinese e-commerce giant Alibaba is to buy ticketing firm Damai, further expanding its activities in entertainment sales across a range of sectors. Alibaba described the deal, whose financial terms were not disclosed, as part of its “big entertainment strategy.” It also said that taking 100% control of Damai, in which it has had a minority […]

  • "Context Is for Kings" -- Episode

    CBS All Access Suffers Streaming Glitches in Middle of 'Star Trek: Discovery'

    Chinese e-commerce giant Alibaba is to buy ticketing firm Damai, further expanding its activities in entertainment sales across a range of sectors. Alibaba described the deal, whose financial terms were not disclosed, as part of its “big entertainment strategy.” It also said that taking 100% control of Damai, in which it has had a minority […]

  • DSCF3404.raf

    Netflix to Raise $1.6 Billion More Debt Financing to Fuel Content-Buying Binge

    Chinese e-commerce giant Alibaba is to buy ticketing firm Damai, further expanding its activities in entertainment sales across a range of sectors. Alibaba described the deal, whose financial terms were not disclosed, as part of its “big entertainment strategy.” It also said that taking 100% control of Damai, in which it has had a minority […]

  • Snapchat logos

    Snap Lays Off Recruiters as It Prepares for Slower Hiring (Report)

    Chinese e-commerce giant Alibaba is to buy ticketing firm Damai, further expanding its activities in entertainment sales across a range of sectors. Alibaba described the deal, whose financial terms were not disclosed, as part of its “big entertainment strategy.” It also said that taking 100% control of Damai, in which it has had a minority […]

  • Lockhart_Steele

    Vox Media Editorial Director Lockhart Steele Fired for Sexual Harassment

    Chinese e-commerce giant Alibaba is to buy ticketing firm Damai, further expanding its activities in entertainment sales across a range of sectors. Alibaba described the deal, whose financial terms were not disclosed, as part of its “big entertainment strategy.” It also said that taking 100% control of Damai, in which it has had a minority […]

More From Our Brands

Access exclusive content