Alibaba group acquires majority stake in chennai based ticketnew

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Alibaba Group acquires majority stake in Chennaibased TicketNew

Alibaba Group’s flagship entertainment arm, Alibaba Pictures Group Limited, has acquired a majority stake in India’s second-largest online ticketing platform, TicketNew. Marking Alibaba Pictures’ first big acquisition in the burgeoning online ticketing industry outside of China, this strategic partnership will strengthen TicketNew’s operations and service portfolio. Founded in 2007 by Ramkumar Nammalvar, TicketNew is a Chennaibased ticketing website that has a presence in over 300-plus cities in India. In the past few years, Alibaba Pictures has expanded its business beyond its home market. It has an office in Los Angeles, USA, and has been looking to expand its footprint in the Asia-Pacific region. In India, online


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Alibaba group acquires majority stake in chennai based ticketnew by poonamparekh - Issuu