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Alibaba acquires major stake in 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 which is based out of Chennai marking the group’s foray into entertainment industry as well. Founded in 2007 by Ramkumar Nammalvar, the website has a presence in over 300-plus cities in India. This would capitulate Alibaba to have office ... Read More »

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